London
15 March 2017
Reporter: Barney Dixon

Cultural battle being waged over data


Efficient data management in financial institutions is a cultural battle that is still being fought, heard attendees of the Summit for Asset Management.

Data management providers need to ensure that “everyone in the organisation realises that it is something real”, according to one speaker.

“They have to get beyond the idea that ‘this is IT’ and think of it more as information science,” he said. “This is the biggest cultural shift that we have ever seen.”

A big step toward achieving this would be “documenting their processes and putting them in a data framework”. Compliance should be a driving force behind any framework.

A framework should also bear in mind differences in business lines and even how each department within an organisation operates. “There are some places that really show the benefit of standardisation, but it’s still a way off [from being the norm],” one speaker explained.

More technology news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Trade Informatics releases Peer Analysis tool
20 September 2017 | New York | Reporter: Jenna Lomax
The new addition will provide asset managers with tools to analyse how they compete with other money managers
SS&C on point with launch of Precision LM 3.0
19 September 2017 | Windsor | Reporter: Theo Andrew
With improvements spanning across the loan production, servicing and technology functions, the Precision LM 3.0 upgrade also includes expandable web services, helping to improve operational efficiency
Linedata and DTCC keep partnership going
19 September 2017 | London | Reporter: Jenna Lomax
The new updated programme, Extensible Markup Language allows Linedata clients to match transactions across extended asset classes, and enables trade processing on one platform
Euroclear-DTCC and Lombard Risk link collateral management programmes
18 September 2017 | London | Reporter: Jenna Lomax
Lombard Risk has partnered its Colline solution with DTCC and Euroclear's GlobalCollateral margin transit utility (MTU) programme
Blockchain fund recording platform launches
15 September 2017 | London | Reporter: Theo Andrew
The IZNES platform, based on blockchain technology, allows investors, asset management firms, distributors and wealth management advisors to quickly access fund units, while connecting firms with investors
The Bunker digs in with fintech Sandbox service
15 September 2017 | London | Reporter: Theo Andrew
Sandbox will offer a “secure, flexible, online space” for entrepreneurs to develop and demonstrate products
Smartkarma to provide research through NYFIX Portal
13 September 2017 | Singapore | Reporter: Stephanie Palmer
Asian investment research provider Smartkarma has paired up with Ullink to make its cloud-based platform available through the NYFIX Portal
More technology news