About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Virginie’s Blog – In Need of the Data Management Avengers?

Subscribe to our newsletter

Another interesting topic from last week’s FIMA conference was the discussion about how to ensure the profile of the data management function is sufficiently recognised as important, both within financial institutions – by the board and the business users downstream – and within the industry at large. The data management challenge may have been thrown into the spotlight by recent regulation and incoming data quality requirements, but is the industry in need of a champion to light the way?

Internally, there is no doubt that data management teams with a champion willing to fight their corner with regards to budget and scope tend to succeed where others may fall by the wayside. After all, many a FIMA panellist has spoken of such ‘data Rambos’ with some degree of reverence over the years. Strategic positioning and vision has also helped the recent legal entity identification (LEI) work get off the ground in regulatory circles. But, as noted by a number of delegates and panellists last week, there is no crack team of chief data officers out there to champion the interests of the data management industry.

Does the industry need such a team? If so, whom should they be comprised of and how should they go about delivering the message to the wider financial services industry at large? One also needs to factor in the day job, which leaves limited time for data crime fighting outside of their own firms. Nevertheless, many I spoke to were adamant that such a team should be made up of practitioners rather than those that are one step removed from the industry.

Perhaps next year’s event circuit will see such a team emerge from the back office, in the meantime we’ll have to rely on the silver screen for inspiration.

I know who I’m voting for as the data management versions of the Hulk, Thor and Captain America… http://www.youtube.com/watch?v=eOrNdBpGMv8

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Beyond the Pilot: Building Infrastructure for the Agentic Era

By David Sewell, Chief Technology Officer, Synechron. The fraud transaction takes milliseconds to clear. In that window, an agentic system has already queried three databases, cross-referenced two watchlists, and pinged the identity verification layer. It works – in the demo. Then the auditor asks where the decision log is, and nobody can find it, because...

EVENT

Eagle Alpha Alternative Data Conference, Spring, New York, hosted by A-Team Group

Now in its 9th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

The Data Management Implications of Solvency II

This special report accompanies a webinar we held on the popular topic of The Data Management Implications of Solvency II, discussing the data implications for asset managers and their custodians and asset servicers. You can register here to get immediate access to the Special Report.