A collection of common terms, themes and topics used in the data management ecosystem.
What is BCBS 239 and Why Is It Important? In the rapidly evolving financial landscape, effective risk management has become paramount for banks and financial institutions. BCBS 239, officially titled “Principles for effective risk data aggregation and risk reporting,” is a set of guidelines issued by the Basel Committee on Banking Supervision (BCBS) to enhance […]
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What is the Foreign Account Tax Compliance Act (FATCA) and Why Is It Important? In an increasingly globalised economy, transparency in financial transactions has become paramount. The Foreign Account Tax Compliance Act (FATCA) is a United States federal law designed to combat tax evasion by U.S. taxpayers holding assets in foreign accounts. This comprehensive guide
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What is Data Readiness and Why Is It Important? In today’s data-driven business landscape, organisations rely heavily on data to make informed decisions, comply with regulations, and maintain a competitive edge. Data Readiness refers to the state of being fully prepared to use data effectively and efficiently for these purposes. It involves ensuring that data
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What is the Financial Services Compensation Scheme (FSCS) and Why Is It Important? In the complex world of finance, safeguarding consumers’ interests is paramount. The Financial Services Compensation Scheme (FSCS) plays a crucial role in protecting customers of authorised financial services firms in the United Kingdom. This comprehensive guide explores what the FSCS is, why
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What is the European Market Infrastructure Regulation (EMIR) and Why Is It Important? In the aftermath of the 2008 financial crisis, regulators worldwide sought to enhance the stability and transparency of financial markets. The European Market Infrastructure Regulation (EMIR) is a key piece of European Union legislation introduced to address these concerns, specifically targeting the
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Data quality refers to how fit your data is for serving its intended purpose. Good quality data should be reliable, accurate and accessible.
What is Data Quality and why does it matter? Read More »
Data remediation: Identifying and correcting errors, inconsistencies and inaccuracies in data to ensure quality and accuracy.
What are Large Language Models (LLM) and GPTs? Read More »
What is a Data Quality firewall? A data quality firewall is a key component of data management. It is a form of data quality monitoring, using software to prevent the ingestion of messy or bad data. It’s a set of measures or processes to ensure the integrity, accuracy, and reliability of data within an organisation,
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Year after year, the volume of data being generated is increasing at an unparalleled pace. For businesses, data is critical to inform business strategy, facilitate decision-making, and create opportunities for competitive advantage. However, leveraging this data is only as good as its quality, and traditional methods for measuring and improving data quality are struggling
What Is Augmented Data Quality And How Do You Use It? Read More »
Data remediation: Identifying and correcting errors, inconsistencies and inaccuracies in data to ensure quality and accuracy.
What is Data Remediation? Read More »
Data integrity is the process of maintaining the accuracy and completeness of data over its entire life cycle and how it is applied..
What is Data Integrity? Why is Data Integrity Important? Read More »
ETL refers to the process of extracting data from a source system, transforming it into the desired format, and loading it into a target system.
What is ETL (extract-transform-load)? Read More »
Data observability is the ability to see and understand data as it flows through an organization, enabling professionals to track metadata issues
What is Data Observability? Read More »
This post defines and explains the differences between a Data Lake, Data Warehouse and Data Lakehouse
What is a Data Lake, Data Warehouse and Data Lakehouse? Read More »
The Gartner Magic Quadrant provides a graphical depiction of different types of technology providers and their position in fast-growing markets..
What is the Gartner Magic Quadrant? Read More »
Artificial Intelligence is the application of computer science techniques to perform a range of decision-making and prediction activities.
What is AI and ML? Read More »
Environmental, Social and Governance refers to a collection of criteria used to evaluate an organisation’s operations and measure their sustainability.
KYC and AML are fundamental components of regulatory compliance in financial institutions, referring to the prevention of money laundering and other financial crimes.
What is KYC and AML? Read More »
