While offshoring has proved beneficial to organisations like the former ABN Amro (now RBS) and HSBC, the appetite for outsourcing is not so strong, according to a panel discussion on ‘Off-Shoring vs. Outsourcing: The Eternal Debate’.
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Can Open Source Collaboration Further our Data Goals, Asks Avox
In a more unconventional presentation, FIMA Sponsor Avox’s Ken Price, focused on the use of open source software as a means to innovate in order to really reduce costs and risk. “There’s been so much work trying to develop business cases,” he said, but still the industry has not progressed enough to solve the ongoing [...]
Case Study: How to Save $1m a Month with a Clear Business Case
Having a clear business case, the right governance approach, and the right funding model can help you to achieve your data management goals, according to Julia Mariasova, strategy development manager at Credit Suisse, who presented a case study of how such an approach with Bloomberg proxy data now saves the firm $1.1 million in data [...]
If Your Dashboard’s Always Green, You’re Measuring the Wrong Metrics, Says UBS’ Webster
Financial institutions are not challenging their existing data structures enough to improve their processes, explained Ian Webster, global head of data management for UBS Global Asset Management to delegates at the first day of FIMA 2009. “You need to get underneath what your client requirements are in order to develop a proper set of key [...]
RBS’ Davies Highlights Seven Key Areas for Data Quality Improvement
In order to deliver strategic change to make a difference to data quality in today’s challenging environment, firms must focus on seven key areas, said Mark Davies, head of reference data, SSF Risk Services for Royal Bank of Scotland (RBS). These seven key areas comprise: getting the point of entry right, adequate data quality controls, [...]
Tie Your Vendors Down with Detailed and Strong SLAs, Says Credit Suisse’s Largier
In order to better measure vendor performance and afford better control over vendor relationships, data managers should tailor their service level agreements (SLAs) to individual vendors and products, said Peter Largier, global head of reference data analysis at Credit Suisse, during his speech at FIMA 2009’s focus day. This process should begin with defining how [...]
FIMA Roundtable Discusses Why Data Quality Alone is not Enough to Secure Budgets
Rounding out the focus day, FIMA 2009 featured a series of roundtable discussions, with my table, in line with my earlier panel discussion, focused on data quality for risk management, says Angela Wilbraham, CEO of A-Team Group.
