While the FIMA conference was distracted by the ongoing clash of civilizations between centralized and decentralized approaches to data management, back in the real world Goldensource’s Gert Raeves offered an esoteric argument for what’s become the status quo.
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Liability Issue Remains Obstacle to Data Utility Initiative, Say Some FIMA Delegates
Unless a proposed centralised reference data utility is able to shift ultimate responsibility for the potentially damaging impact of inaccurate data from financial institutions, the utility’s ability to save the industry money is limited, FIMA delegates heard.
Data Management Platforms Need to Embrace Business Logic, Says Thomson Reuters’ Matthews
With data at the core of the industry’s efforts to recover from the impact of the Credit Crunch, it’s imperative that the platforms used to manage a financial institution’s information services are able to draw upon established business processes in order to reach the Holy Grail of business process optimization. That, according to Nigel Matthews, [...]
SmartStream’s Mason Elaborates on Reference Data Utility Plan at FIMA 2009
John Mason, CEO of SmartStream’s DClear Utilities, informed delegates to FIMA 2009 about the vendor’s plans to establish a reference data utility. As first revealed in Reference Data Review last year, the utility is aiming to provide firms with an on demand service for accurate reference data.
Deutsche Bank’s Taylor Espouses Four Rs to Rebuild Data Consumer Trust
Data managers need to rebuild the trust of data jaded by the inability of analysts to use financial information to predict or avoid the Credit Crunch, according to Sean Taylor, director at Deutsche Bank Wealth Management. Taylor outlined a “Four Rs” approach to data quality that could help managers in their challenge to rebuild the [...]
