Taking Care With Managed Services

Using managed services for data management involves more than choosing one off a shelf, firms are finding

chris-sherman-goldman-sachs
Chris Sherman, vice president, Goldman Sachs

What does it take to make a managed service workable for financial services data management?

Choosing a purely managed service that doesn't force a firm and especially its clients to accept a dictated, "scrubbed" version of data is a pre-requisite, says Sheila Tully, vice president in the Security Master File department of Brown Brothers Harriman (BBH), who spoke as part of a panel on the subject at the North American Financial Information Summit (NAFIS). Two years ago, BBH implemented

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Northern Trust building internal cloud data ‘marketplace’

Using a mix of in-house expertise and third-party technologies, the firm has constructed a cloud-based data mesh that gives internal staff access to proprietary datasets and analytical tools to deliver greater insights into client activity.

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