The UK regulator has moved much of its data to the cloud and is using more advanced analytics as it seeks to better regulate evolving financial firms.
During his keynote address at EFIS, Virgin Atlantic’s head of data and insight revealed the airline’s approach to data management and innovation.
During the EFIS 2018 CDO panel, data chiefs discussed how data management has gone from a strictly regulatory response to an essential business driver.
Is the emergence of CDOs undoing the separation of market data and reference data functions? And is that the right way to go?
As data functions reach maturity, buy-in from other c-level positions is crucial the emerging CDO function.
JP Morgan Chase employs “data quality pyramid” to better monetize and reduce costs around its own data.
Communication with end-users and vendors alike is key to managing costs and supplier relationships, panelists said.
Strapline: Data Management
Know-your-customer data concerns have registered a greater presence on the industry’s radar, as seen in the agenda for Sibos this month. Michael Shashoua analyzes what efforts KYC data will require, and how communication can be crucial to data governance…
EFIS conference speakers cite internal communication as key to data management progress
Are you a data guv'nor or a govenor?
Good data governance rests with the entire organization, not just the CDO, panelists said.
Effective communication and marketing are essential tools for carrying out data initiatives
Innovation overall may have slowed as firms focus on cost and regulation, but smart analytics are gaining ground.
Informal polling finds compliance necessary, although it may spur production of unusable data
Managing costs, quality and compliance remains top of data consumers' agendas.
Firms must evaluate and leverage new data sources to deliver insight at the point where action needs to be taken.
Standards body publishes LEI-related details, collaborates on classification standard
The CDO role is evolving from data management to data ownership, Rangaswami said.
IRD's editor will tweet live from portions of the European Financial Information Summit
A flurry of ESG data deals may be a step in a new direction.