2020 has been a year unlike any in living memory with Covid-19, directly and indirectly, affecting every person on the planet. The repercussions of the pandemic have had an immeasurable effect on almost every person and organisation across the globe. The pandemic is changing the dynamics of how we operate as businesses. This displacement reveals the widening cracks in an organisation’s data strategy, as knowledge of company data and processes is walking out of the door. Businesses taking action with a renewed effort on Data Governance and Data Management will gain a head start in a post-pandemic world.
Back in 1995, a young Futures Trader Nick Leeson was working in Singapore on arbitrage trading on the main Tokyo index – the Nikkei 250 - for Barings Bank when he fraudulently hid massive financial losses from the bank in both London and Singapore. The losses incurred by the 200-year-old bank were estimated at $1.3 billion in unauthorised trades.
After working for the leasing division of Barclays for 11 years, it was very strange to move from an established process of working, to join the ‘dark side’; a start-up software company selling trading software back to Banks. It was an exciting time, as financial services organisations were going through dramatic change and adopting new technology and practises.
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