“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.

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.

The FIMA Europe Research Report provides a unique insight into prevailing attitudes to data management among senior financial executives charged with delivering it within their enterprises. These senior executives are personally liable for their areas of responsibility and could face fines or even imprisonment in the event of major failings at their organisations.  

Our new Chief Data Officer, Lorraine Waters, caught up with Scotiabank VP and Chief Data Officer Allie Harris over a fireside CDO chat at the A-Team Insight Virtual Data Management Summit last week.