Know your data: the cost of non-compliance
Sponsored by Hitachi Vantara
Thursday 5 March 2020
Searcys at The Gherkin, 30 St Mary Axe, London EC3A 8EP
As financial services firms deal with ever growing mountains of data, the volume of new information is matched only by growth in the regulation designed to protect it.
But as compliance challenges multiply, incumbent institutions are finding that disconnected stores of archived data have become siloed and difficult to access with the speed or accuracy needed for compliance with regulations such as the General Data Protection Regulation (GDPR), Anti-Money Laundering rules and the Senior Managers and Certification Regime.
With the risk of fines and associated reputational damage rising, a transformative approach to data governance and management is needed before the regulator comes knocking. In addition, a lack of data visibility and even lower rates of data intimacy - a deep understanding of the data in an organisation and how it can be monetised - is also holding businesses back from unlocking value.
This roundtable will explore how firms can achieve ‘data maturity’, understanding where the data lives and utilising it to improve customer experience and internal insights. We will facilitate discussion of current challenges in data management and compliance, along with best practice approaches and some of Hitachi’s smart archiving and data ops solutions.
Topics for discussion:
• Regulation – how have rule changes impacted information governance within your organisation?
• Legacy systems – what are the compliance risks associated with outdated data management?
• Data black holes – how have you combatted access to information locked within silos and archives?
• Monetisation – what’s the best approach to leveraging the value of your data while meeting compliance standards?
Please note, this event is open to financial institutions only.
Timings for the evening:
18:00 – 18:30 Welcome and refreshments
18:30 – 20:00 Introduction to fellow guests and roundtable discussion
20:00 onwards Complimentary three-course dinner
Brought to you by FStech