British Business Bank selects Solidatus for data governance

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”.

    Share Story:

Recent Stories


Meet Evelyn, your Economic Sanctions/PEP/Adverse Media Alert Adjudication Analyst
Meet Evelyn, an Economic Sanctions/PEP/Adverse Media Alert Adjudication Analyst, who uses native AI/ML capabilities to automate the Customer/PEP screening and Negative News screening alert adjudication processes for leading BFS organizations with greater speed, accuracy, and consistency than human analysts.

New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.