With the compliance date for BCBS239 designated GSIBs (Global Systemically Important Banks) just about to arrive in January 2016; many DSIBs (Domestic Systematically Important Banks) are looking carefully at their global counterparts to see what worked well; and what didn’t. The first challenge is that not every Bank knows whether it will be designated a... more
With so many different Regulatory Compliance requirements scattered across the Financial Services industry, for many they are seen as a necessary but unwanted burden. The need to have great data to achieve compliance provides a platform to support the opportunity of a growth agenda. One of the common factors to most regulatory requirements is the... more
After a careful review by Informatica, the recent Ghost buffer overflow vulnerability (CVE-2015-0235) does not require any Informatica patches for our on-premise products. All Informatica cloud-hosted services were patched by Jan 30. What you need to know Ghost is a buffer overflow vulnerability found in glibc (GNU C Library), most commonly found on Linux systems. All distributions of Linux... more
According to Accenture – 2013 Global Consumer Pulse Survey, “85 percent of customers are frustrated by dealing with a company that does not make it easy to do business with them, 84 percent by companies promising one thing, but delivering another; and 58 percent are frustrated with inconsistent experiences from channel to channel.” Consumers expect... more
Gartner’s official definition of Information Governance is “…the specification of decision rights and an accountability framework to encourage desirable behavior in the valuation, creation, storage, use, archival and deletion of information. It includes the processes, roles, standards, and metrics that ensure the effective and efficient use of information in enabling a business to achieve its... more
I previously wrote about how regulatory compliance could be used as an opportunity to build the foundations for a flexible data environment. This opened up a few conversations with some colleagues, which makes me think that I actually missed a key point in my previous blog: Why is it that compliance is so hard? After... more
A few weeks ago, a regional US bank asked me to perform some compliance and use case analysis around fixing their data management situation. This bank prides itself on customer service and SMB focus, while using large-bank product offerings. However, they were about a decade behind the rest of most banks in modernizing their IT... more
The next facet of our data governance framework focuses on the three intentionally simplified dependent processes that constitute the data lifecycle. When educating your business sponsors and evangelists on the data lifecycle, I like to categorize it into these three broad areas: upstream processes, stewardship processes, and downstream processes. If you’re an enterprise or data... more