Reference Data Management Maturity: Ripe for Change
A new white paper shares relevant insights from a recent SWIFTRef customer roundtable
Getting to grips with customer and reference data is an issue affecting both banks and corporates as the volume of data increases exponentially and as regulators set ever stricter rules on how data is used and how secure it is.
Regulation is impacting the payments area, requiring a more robust approach to reference data quality and management in this space. SWIFTRef continues to address these challenges as it now goes beyond its traditional focus on supporting payments processing to focussing on the pressures linked to industry regulations. A new white paper shares relevant insights from a recent SWIFTRef customer roundtable.
It is not just regulation that is driving a focus on data management; cost cutting is also a factor.
Reference Data Management Maturity: Ripe for Change White Paper, 2015, p. 7
In response to growing business, regulatory, and risk management pressures, the SWIFTRef team set up a closed-door Customer Roundtable at Sibos in Singapore where a group of industry experts discussed some of these key challenges and issues impacting reference data quality and management.
The outcome of this SWIFTRef Customer Roundtable can be found in our ‘Reference Data Management Maturity: Ripe for Change’ white paper, produced by the Aite Group and SWIFTRef, which examines the market’s state of data management in terms of leadership, priorities, investment drivers, and challenges.