Summary – “Industry in One: Financial Services”

ARMA International

The scope of a records and information management (RIM) program in financial services can seem overwhelming. Compared to other industries, the complexities of managing records and information in financial services are arguably some of the toughest to solve, primarily because of the intense regulatory scrutiny. History of Financial System. financial system continues to evolve in response to changing regulations. Financial Services Industry Overview.

It’s time to think twice about retail loyalty programs

Thales eSecurity

As I was starting to write this blog, yet another retail program data breach occurred, for Marriott’s Starwood loyalty program. What I’d originally planned to write about was a topic that directly applies – why retailers of all stripes are not investing in data security. But none of these reasons rose to the top in retail. Is it that too many retailers have looked around at other retailers with recent breaches, and noticed no shortage of customers?

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Reltio Cloud – Your Key to a Successful SAP S/4HANA Migration

Reltio

Reltio Cloud also acts as the governance platform to address the data quality problems before S/4HANA ingestion. Business IT B Business B Customer 360 B Digital Transformation B Financial Services & Insurance B Graph B Healthcare B High-Tech & Manufacturing B IT B Life Sciences B Machine Learning B media & entertainment B Product 360 B Retail & CPG B Supplier 360 B Travel & hospitalityGuy Vorster, Principal Solutions Consultant, Reltio.

#ModernDataMasters: Mike Evans, Chief Technology Officer

Reltio

It will be possible to put more emphasis on the people, process and data governance which really make MDM live and breathe.”. We teach that problem solving is at the core of MDM, and how important data governance principles are regardless of the configuration of the underpinning technology.”. This ensures that we offer relevant and value-added services to the businesses we work with. Prioritise people, process and governance. Kate Tickner, Reltio.

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Is Your Customer Experience Future-Ready?

Reltio

It is an ongoing activity, constantly responding to the changes in market and customer expectations, new products and services, and technology evolution. Can you discover, validate, and scale innovative use of existing and new data-sets to deploy products and services faster? White Paper: The Golden Path to B2C Customer 360 – What We Learned from World’s Largest Retail & Consumer Brands. Ankur Gupta, Sr. Product Marketing Manager, Reltio.

Reltio Supports Apple CEO Tim Cook’s Clarion Call for Stronger US Customer Data Privacy Laws

Reltio

But today modern data management solutions that include technologies like machine learning empower organizations to implement data governance and privacy initiatives at scale, and are an essential part of their overall Customer 360 data strategy. Data as a Service with traceability : Drawing from third-party sources is a major benefit, but GDPR compliance requires tracking which attributes came from where. Manish Sood, CEO & Founder, Reltio.

#ModernDataMasters: Martin Squires, The Analysis Foundry

Reltio

Particularly the data governance side is beginning to be seen as really important. Uncategorized B Compliance & GDPR B Consumer 360 B Customer 360 B Digital Transformation B Financial Services & Insurance B Healthcare B High-Tech & Manufacturing B IT B Business B Life Sciences B Machine Learning B Patient & Member 360 B Retail & CPGKate Tickner, Reltio.

#ModernDataMasters: Henrik Liliendahl, Chairman & CTO, Product Data Lake

Reltio

Henrik Liliendahl is an MDM and PIM expert; speaker and blogger ( www.liliendahl.com and [link] ) and the Co-Founder, Chairman and CTO of Product Data Lake a product information exchange service. But that was my route into data management and going from there into MDM PIM and data governance. I remember back in the old days if the postcode table changed in your system you used to have to get a new postcode table and put that back into all of your services.

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#ModernDataMasters: Lewis Ownes, CEO Agile Solutions

Reltio

If you ask people about data management and all they talk about is governance then you know they are only being driven by regulation or a concern. On the other side of things in the start up world and data driven companies, they can be purely about data and development and that is innovative as companies like FaceBook have found, often the data governance is lacking. “A In the same way if you just show up talking about governance you can stifle innovation.

#ModernDataMasters: Steve Whiting, Chief Operations Officer

Reltio

Ethical data management means you need data governance and data security by design – these initiatives are hard to retrofit. In the past organisations often mobilized for large MDM programmes and had to retrospectively drive the governance throughout – now we are seeing that data governance is often leading – it has become a non-negotiable.”. It’s called “Managing a Professional Services Firm” by David Maister. Kate Tickner, Reltio.

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Digital Enterprises: Built on Modern MDM

Reltio

To ensure no wall between data, governance, and insight, she shares her mantras: invest intelligently, source strategically, and collaborate. Business Compliance Customers IT Partners B Business B Data Science B Digital Transformation B Financial Services & Insurance B High-Tech & Manufacturing B IT B Life Sciences B Machine Learning B Patient & Member 360 B Retail & CPG DataDriven19Ankur Gupta, Sr. Product Marketing Manager, Reltio.

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#ModernDataMasters: Tony Saldanha, President, Transformant

Reltio

Tony Saldanha is the President of Transformant and a globally recognized information technology and shared services executive. I’ve had the great fortune of evolving with the IT and shared service industry across 6 countries and 13 different roles and assignments. I started the first shared services centre in the Philippines in 1993 and then was also involved with major outsourcing at P&G in 2003. What is the role of data governance in these processes?

#ModernDataMasters: David Balzan, Business Unit Manager MDM

Reltio

This is partly why we feel that offering advisory services is so important because it can drive that vital board-level sponsorship for the projects we engage in. As a services provider, you would say that – why shouldn’t someone try and do it themselves? In addition, having a service provider that can offer all the required skills will help you orchestrate the people, process and technology together to ensure a joined-up project delivery. Kate Tickner, Reltio.

MDM 40

Common Ingestion Framework

Perficient Data & Analytics

May it be healthcare, retail, finance or manufacturing, everyone is at different stages in their journey to create their industry-grade, enterprise-ready Data Lake repository. Data Lake forms the core foundation for companies in their journey to build state-of-the-art intelligent applications and provide cutting-edge services. Big Data is the way to move forward for all enterprises today.

#ModernDataMasters: Nicola Askham, The Data Governance Coach

Reltio

Nicola Askham is the leading data governance training provider in the UK with over 16 years of experience and research in the field. She delivers training and consulting to major organisations to help them implement full data governance frameworks. Nicola’s powerful methodology breaks down the data governance initiative into logical steps to implement a framework that suits each unique client. ” However, I got into data governance totally by accident.

The time for government blockchain proofs of concept is now

CGI

The time for government blockchain proofs of concept is now. For the past two years, CGI has seen an exponential uptick in commercial sector interest in blockchain beyond just the financial services industry. Many government agencies also have been wading deeper into the blockchain waters. Also using POCs, agencies can quickly uncover potential challenges—from security to governance—associated with taking the next step from POC to production.

Ransomware at IT Services Provider Synoptek

Krebs on Security

Synoptek , a California business that provides cloud hosting and IT management services to more than a thousand customer nationwide, suffered a ransomware attack this week that has disrupted operations for many of its clients, according to sources. A Sodinokibi attack earlier this month on Colorado-based IT services firm Complete Technology Solutions resulted in ransomware being installed on computers at more than 100 dentistry practices that relied on the company.

Medical Thrillers and Digital Transformation

Perficient Data & Analytics

In reality, digital experience has been a priority to all industries including healthcare, retail, banking, and others. Customer services reps want to know everything there is about their customers when their phone rings. In contrast, high profile customers would like to have a personal touch in their interaction with the organization they do business with especially in retail and financial services.

Iran-linked APT group Pioneer Kitten sells access to hacked networks

Security Affairs

“PIONEER KITTEN tradecraft is characterized by a pronounced reliance on exploits of remote external services on internet-facing assets to achieve initial access to victims, as well as an almost total reliance on open-source tooling during operations.”

Be Legendary: Sutter Health

Rocket Software

When we see those values reflected in other companies from industries as diverse as financial services, healthcare, government, retail, and manufacturing, we want to celebrate them! The organization recently extended its services by opening drive-in outpatient clinics in Brentwood and Antioch. We work hard every day at Rocket to live up to our core values of empathy, humanity, trust, and love.

California IT service provider Synoptek pays ransom after Sodinokibi attack

Security Affairs

Synoptek, A California-based IT service provider decided to pay the ransom to decrypt its files after being infected with the Sodinokibi ransomware. Synoptek, a California-based provider of IT management and cloud hosting services paid the ransom to decrypt its files following a Sodinokibi ransomware attack. Synoptek has more than 1,100 customers across multiple industries, including local governments, financial services, healthcare, manufacturing, media, retail and software. .

NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection. One might assume top-tier financial services firms and healthcare vendors would have solved third-party cyber exposures by now.

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NEW TECH: Cequence Security deploys defense against botnets’ assault on business logic

The Last Watchdog

Pick any company in any vertical – financial services, government, defense, manufacturing, insurance, healthcare, retailing, travel and hospitality – and you’ll find employees, partners, third-party suppliers and customers all demanding remote access to an expanding menu of apps — using their smartphones and laptops.

Federal Agency Data is Under Siege

Thales eSecurity

Its unique capabilities include the design and deployment of equipment, systems and services to meet complex security requirements. The 57 percent rate statistic is the highest of all verticals we measured in this year’s report (others include the healthcare industry, the retail industry, and the financial services industry) or any region surveyed. More so than commercial enterprises, government agencies are making a massive shift to the cloud. Government

ABBYY Opens Office in Hong Kong to Strengthen Presence in Asia

Document Imaging Report

The retail industry and banking are the biggest spenders on AI in the region, with use cases such as fraud analysis and customer-facing process automation enabling self-service and improving customer experience. Asia’s leading entrepreneurial and financial hub, Hong Kong presents a wealth of opportunities and will play a vital role in our APAC strategy as we plan to continue growing by being more involved in the local ecosystem.”.

Collibra Catalog leads the field in Dresner’s market survey

Collibra

This summer Dresner Advisory Services ranked Collibra as the number one vendor in their 2019 Data Catalog Study. It’s reaffirming to see that customer priorities align with the founding pillars of Collibra’s approach: governance embedded in the product, enterprise grade capabilities and scalability. Data Intelligence relies on governance and collaborative frameworks to ensure data sources are trustworthy. The importance of data governance .

Finance sector must simplify staff awareness training

IT Governance

Financial services firms must do more to educate employees about cyber security, according to the FCA (Financial Conduct Authority). The findings are the result of a discussion between 175 organisation, aiming to address security concerns in the fund and investment management, insurance, retail banking, and retail investment and lending sectors. What should financial organisations be doing? How Cyber Security as a Service helps.

Reflecting on Data Citizens ‘19: The Future of Data Intelligence Starts Now

Collibra

Last week we hosted the largest Data Citizens yet, with close to 700 attendees representing over 300 companies from industries spanning financial services, utilities, telco, technology, retail, healthcare, universities, and more. Each year after we close our annual Data Citizens conference I feel energized – but this year was particularly significant.

The blockchain bowling alley: How distributed ledger technology goes mainstream

CGI

What’s more, it’s poised to spill over from financial services into a wide range of industries. In my work and research, I see financial services organizations using immutability to enhance fraud detection and pinpoint instances of money laundering. Sectors that rely on the authenticity of components—such as retail, consumer packaged goods, and manufacturing—can now track components throughout the supply chain.

Debate Continues on the Future of US Privacy Regulation from California to Capitol Hill

Data Matters

On December 6, the Business Roundtable – a group of over 200 retailers, banks and technology companies – released its own recommendations for privacy legislation, calling for a federal law that would preempt state data privacy laws like the new California Consumer Privacy Act and eliminate the patchwork of state and local data privacy laws.

The blockchain bowling alley: How distributed ledger technology goes mainstream

CGI

What’s more, it’s poised to spill over from financial services into a wide range of industries. In my work and research, I see financial services organizations using immutability to enhance fraud detection and pinpoint instances of money laundering. Sectors that rely on the authenticity of components—such as retail, consumer packaged goods, and manufacturing—can now track components throughout the supply chain.

The Business of Data Newsletter – Issue 7 (7 December 2018)

Information Matters

“Seven out of 10 UK consumers and two-thirds, on average, around the world would stop doing business with a brand that suffers a breach of users’ financial or personal data. Retailers are most at risk globally, with 62% of respondents willing to walk away after a data breach, followed by banks (59%) and social media sites (58%), according to a survey of 10,500 consumers by digital security firm Gemalto.”

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New CGI-sponsored research covers key trends and issues in adopting instant payments

CGI

Every year at CGI, we conduct research on the services banks offer their customers—whether consumers or corporates—comparing the customer’s perspective with that of the bank. In March and April of this year, CGI sponsored a survey by the Financial Services Club—a leading European network for senior financial services executives—that solicited input from 360 club members, including bankers, payment processors, corporates, consultancies, academics and government representatives.

CGI-sponsored research covers key trends in adopting instant payments

CGI

Every year at CGI, we conduct research on the services banks offer their customers - whether consumers or corporates - comparing the customer’s perspective with that of the bank’s. In March and April, CGI sponsored a survey by the Financial Services Club - a leading European network for senior financial services executives - to solicit input from 360 club members, including bankers, payment processors, corporates, consultancies, academics and government representatives.

Now is the time for your organisation to pilot Robotic Process Automation

CGI

This information can be used to identify further process improvements and / or can be fused with other data to provide powerful insightful information, used in developing new business solutions and services. Financial Services. Local Government. Central Government. Retail. Now is the time for your organisation to pilot Robotic Process Automation. p.butler@cgi.com. Wed, 06/15/2016 - 06:57. Table. Zuboff’s Laws….

The blockchain bowling alley – how distributed ledger technology goes mainstream

CGI

What’s more, it’s poised to spill over from financial services into a wide range of industries. In my work and research, I see financial services organizations using immutability to enhance fraud detection and pinpoint instances of money laundering. Sectors that rely on authenticity of components, such as retail, consumer packaged goods, and manufacturing—can now track components throughout the supply chain.

Regulatory Update: NAIC Summer 2019 National Meeting

Data Matters

Securities and Exchange Commission on June 5, 2019, broker-dealers and associated persons are required to act in the best interest of a retail customer when recommending a securities transaction or investment strategy involving securities to a retail customer. The New York State Department of Financial Services recently amended its annuity suitability regulation to apply a “best interest” standard in connection with both life insurance and annuity transactions with consumers.

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