Better Data Management is Top Priority for Toronto Conference Attendees
Maturity of current systems at lower end of the scale, according to informal poll
![](/sites/default/files/styles/article_gallery/public/import/IMG/637/348637/toronto-slido-data-mgmt-maturity-poll.jpeg.webp?itok=LQwiv5Tp)
Improving upon data management appears to be the top priority for attendees at the Toronto Financial Information & Technology Summit, according to responses to poll questions asked on an interactive system during the conference on June 7.
Asked about their biggest priority for the coming year, 44 percent of the 70 attendees who responded cited data management. Technology innovation received 26 percent of the votes; regulatory strategy received 14 percent; automation received 11 percent; and cyber security received 4 percent.
In another poll, those at the conference were asked to rank the maturity of their data management strategy on a scale of 1 to 10, with 10 being the most mature. Of the 47 responses, the most common ranking was 3, which was chosen by 21 percent of the voters. The average response on the scale was 4.47, which was below the mid-point and suggests the audience perceived that data management strategies require more work.
Another question asked using the Sli.do application during the conference was about cross-jurisdictional operations challenges. From a total of 24 responses, 75 percent said they use separate systems for each jurisdiction; 13 percent said their systems can handle all jurisdictions; and 13 percent said they kept their operations domestic because of the complexity of operating in other jurisdictions.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
$135.6m fines prompt Citi to modernize infrastructure, controls
The bank was hit with a combined $135.6 million fine on Wednesday for failing to resolve “longstanding internal controls and risk issues,” amid continued internal work across the enterprise.
SocGen pushes data, analytics use cases for SG Markets
The bank is letting a handful of clients experiment with its proprietary data and models to inform their research.
Finra clears hurdle with CAT launch, but several others remain
Two major components of the consolidated audit trail are now in place. But wrangling over the CAT’s future continues.
Ace high or busted flush? Digital Asset’s mixed fortunes mirror DLT adversity
The vendor hoped to remodel post-trade using blockchain technology—and it still might—but its bumpy progress raises questions over the future of DLT in finance.
The IMD Wrap: It’s the data, Cupid!
As BlackRock buys Preqin, and LSEG strikes a data deal with Dow Jones, Max notes that in data, strange bedfellows breed valuable offspring.
This Week: BlackRock/Preqin, Trading Technologies, FIA Tech and more
A summary of some of the past week’s financial technology news.
US banks seek to open vendors’ black box on green data
Inaugural Fed climate scenario analysis flags lack of transparency around third-party models.
IEX Cloud closure forces fintech clients to seek data alternatives
IEX says it is ditching its unprofitable data arm to focus on its core exchange business, but other vendors believe they can turn a profit from its former client base of fintechs, retail investors and some institutions.