“We want to make data a better place”, says Philip Miller, Co-CEO at Solidatus. Joining EM360 to discuss some of the data challenges organisations are facing, Philip explains that it is the complexity surrounding data, and not the data itself, that is costing organisations huge amounts of time, money, and sometimes their reputation.

Financial institutions and FinTechs have unique strengths that when brought together can be very powerful. Financial institutions possess market share and well-established relationships with their customers, often developed over many years. Meanwhile, FinTechs offer specialist technical knowledge and an agile approach to innovation, enabling them to improve inefficient processes and build powerful digital solutions.

Solidatus Chief Data Officer Lorraine Waters recently chatted virtually with Nasdaq TradeTalks global markets reporter Jill Malandrino about the importance of ESG data and the role that data lineage is playing. Here are a few of her key takeaways:

Financial institutions are under pressure from regulators to automate their regulatory reporting which includes having effective and efficient tools in place. In recent years, there has been a significant increase in innovative projects from regulators, focusing on improving processes to reduce overheads through technology and data. In the near future, regulators will want to see a holistic and readily accessible view of the reporting process and the firm's granular data.

Building a sustainable data eco-system, responsible automation, and ESG challenges – all hot topics that came up at FIMA Connect when Lorraine Waters, Solidatus’ CDO, interviewed Rakshit Kapoor, Santander UK’s newly appointed CDO.