More NewsRisk Management and Compliance Drive Improvements in Data Management

Risk Management and Compliance Drive Improvements in Data Management

Improvements in client and counterparty data management have three new principal drivers, according to an international survey by the A-Team Group. Risk management, compliance and business development are the main reasons that financial institutions are now pushing to improve the aggregation of their customer and counterparty data, showing a more proactive approach to risk management and compliance. The research, commissioned by GoldenSource Corporation, focused on the growing importance of linking counterparty data into the securities master and found that financial institutions are moving away from traditional functions, where client or counterparty information simply directs credit worthiness and after-the-fact performance, with almost nine out of 10 respondents seeing compliance as the most important reason for aggregating customer data, followed closely by risk (73%). The research shows that an integrated approach to counterparty and customer data is seen as crucial to accurately measure exposure, risk and profitability as it allows a view of relationship hierarchies for roll-up. It also found that managing operational data such as standard settlement instructions is one of the largest operational headaches as it still has a large manual component (36%) even though third-party data providers are utilised (24%) and internal systems are in place (40%).

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha