HotTopics: The Age Of Enlightenment In Reference Data
Reference data management is one of the top information challenges facing financialinstitutions and one of the most difficult to address. Our HotTopics puts an accurate and unbiased stake in the ground on where the industry stands on reference data management, defines why some financial institutions view getting control over their data infrastructure as essential, examines the strategic, operational, technical, and business case requirements associated with successful reference data management practices, and defines the opportunities for vendors in this new environment. Based on interviews with 42 senior managers actively engaged in reference data strategy and implementation, it looks at the operational, regulatory, customer, and risk drivers for change and outlines an implementation strategy that can succeed both structurally and organizationally. For financial information vendors, it identifies a number of core opportunities to help financial institutions meet their reference data challenges and provides a list of essential actions in order to seize market opportunities.