The British Business Bank has chosen metadata firm Solidatus to enhance its data governance and data lineage capabilities.

The British Business Bank is a state-owned economic development bank headquartered in Sheffield, which is focussed on making finance markets work better for smaller businesses.
The Bank has select Solidatus’ data management technology with the aim of visualising and managing all of its data from end-to-end.

The British Business Bank’s programmes include the Coronavirus Business Interruption Loan Scheme (CIBLS) and the Bounce Back Loan Scheme (BBLS), introduced as temporary emergency measures during the COVID-19 pandemic.

Solidatus’ expedited onboarding process has allowed British Business Bank to get started using this modern data governance solution quickly, the Bank said.

Solidatus said its technology will make it possible for departments across the Bank to build a more comprehensive understanding of its data to address problems, make more informed decisions and minimise risk.

Stephen Whiteley, data director, data management office, at the British Business Bank, added: “Smaller UK businesses are providing world-leading technology which benefits both them and the UK economy. We’re pleased to be working with Solidatus, whose solution provides us with the flexibility and features we require to perform our data governance functions”.

The events of the last year and a half have highlighted and prioritised a number of data management challenges for organisations across the public sector, especially in risk management for Covid-19-related loans.

Philip Miller, co-founder and co-chief executive of Solidatus, said: “The British Business Bank does a fantastic job in supporting UK-based start-ups and SMEs. We are delighted to be working with the Bank’s team to help them connect, visualise and govern their data, giving this growing development bank the tools to start its successful development in the right way – with well managed and curated data”.

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