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How to achieve reliable automation

In this podcast, Philip Dutton, CEO and Co-Founder at Solidatus, discusses how organizations should best approach supply chain management and traceability, especially in terms of the automation process, the current model-driven approach to data, measuring against time and ROI, and data privacy.
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How can organizations obtain valuable insights or assess impact to make informed business decisions?

The modern enterprise demands transparency, traceability and trust in its data.

In this podcast, Philip Dutton, Co-CEO and Co-Founder at Solidatus, discusses how organizations should best approach supply chain management and traceability, especially in terms of the automation process, the current model-driven approach to data, measuring against time and ROI, and data privacy.

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ESG: Practical data strategies for meeting ESG obligations in financial services

Download this whitepaper to find out about the ESG investing landscape, how to build a successful ESG program, and the benefits of a ‘lineage-first’ compliance solution.
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With each passing month, the pace at which environmental, social and governance (ESG) principles are being addressed has been accelerating.

Download this whitepaper to find out about the ESG investing landscape, how to build a successful ESG program, and the benefits of a ‘lineage-first’ compliance solution.

The ESG investing landscape

Almost half the world’s assets under management involve a commitment to meeting climate change goals, according to pledges under the Net Zero Asset Managers initiative.

“The impact of ESG will be felt far and wide across the financial services community… The practical challenge is how to develop and implement an ESG strategy that is both effective and avoids box-ticking.”

Importance in organization-wide ESG understanding

Best practice suggests the development of an internal framework for identifying people and teams responsible for meeting ESG obligations; interpretation of rules and regulations to define the obligation, and defining the deliverable to meet the obligation. The sophisticated integration capabilities of Solidatus can help with these challenges.

Building a successful ESG Program

Success in meeting ESG obligations depends on the ability to understand the data supply chain and how it intersects throughout the organization. Firms are finding that they are ill-equipped to gather the data they need, both to identify their obligations and to assign responsibility and resource to deliver on them.

It is necessary to adopt strong governance and lineage disciplines to ensure regulatory obligations are mapped to appropriate data sources to ensure consistency and compliance. They also need to ensure flexibility to be prepared to meet regulations and reporting requirements as they evolve.

The benefits of a ‘lineage-first’ ESG solution

The ground-breaking lineage-first approach by Solidatus brings together ESG principles, company priorities, assessment methodologies and data sources and metrics to give a full end-to-end picture of the impact of ESG initiatives.

Solidatus brings ESG priorities, reporting and assessments together with the data flows, processes and their owners in a managed, sharable and maintained environment — meaning better governance, less waste, more efficiency and more effective socialisation of ESG programs.

Download the whitepaper to find out about:

  • The ESG investing landscape and how best to respond to its major challenges 
  • Contextualizing ESG initiatives and establishing organization-wide understanding  
  • Building a successful ESG program and refining a data strategy 
  • The benefits of a ‘lineage-first’ compliance solution  

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Data Protection by design and default

What does 'data protection by design and default' mean? What is the the most effective strategy for meeting regulatory requirements? And how can you use your regulatory budget to transform your organization's data capabilities? Find out in this whitepaper.
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GDPR ushered in a new era for the protection of personal data from organizations misusing it. It forced organizations take pause and assess their management of personal data, its use, access, location and purpose.

This whitepaper discusses the concept of ‘data protection by design and by default’. Download it for:

  • a discussion of GDPR, recent privacy legislation, and what this means for data rich organizations
  • an example of how to ‘digitize’ data sharing agreements 
  • how to use regulatory budget to elevate and transform your organization’s data capabilities.

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Data Cataloging: define, classify, locate and maximize the value of your data

Data Catalogs allow business and technology users to speak the same language by linking Business Glossaries, Data Dictionaries and Data Lineage models together.
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It is clear that knowing what data is flowing through your business is critical to help users find the information they need; to identify sensitive or licensed data, to track critical data elements, and to understand how data is used.

It is common in organizations without data cataloging to spend significant time sourcing the right data for a project – taking weeks to find and get approval to use data. The consequences of missing data can be severe too – no-one wants to tell a regulator that they missed out data from their regulatory report.

Download the whitepaper for:

  • a look at key capabilities required from a data cataloging system
  • how a data catalog should form part of an integrated metadata management platform
  • how glossaries complete the data management picture.

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ESG Handbook

We’ve worked with A-Team to put together this new Handbook covering all elements of ESG, from a definition, to existing and emerging regulations, data challenges and solutions, regulatory reporting requirements, industry initiatives, and the call for global and consistent standards for sustainability reporting.
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We were proud to sponsor this ESG Handbook, which illustrates how we are helping companies tackle real-world data challenges.

ESG (Environmental, Social and Governance) has become one of the fastest developing set of principles in the history of capital markets. Download this handbook for:

  • extensive coverage of all elements of ESG, from an initial definition and indicators of why ESG is so important, to existing and emerging regulations, data challenges and solutions, regulatory reporting requirements, industry initiatives, greenwashing, and the call for global and consistent standards for sustainability reporting. 
  • step-by-step action plans for data management and regulatory reporting to help you achieve ESG best practice
  • an outlook considering ‘what next’ for ESG and market participants on route to global sustainable finance and the UN’s Sustainable Development Goals (SDGs).

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GDPR dossier: Sample model & related resources

An interactive Solidatus model and dossier of material to help you reassess your ways of working in the complex area of GDPR and data privacy
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GDRPR data protection by design and default

GDPR (General Data Protection Regulation) ushered in a new era for the protection of personal data from organizations misusing it. It forced organizations take pause and assess their management of personal data, its use, access, location and purpose.

The strategic solution is to ‘digitize’ the data sharing agreement contractual frameworks with the ability to produce process outputs to users and connecting applications ensuring the participation of the relevant stakeholders in real-time.

To ensure a robust, relevant and up to date data protection framework, the usage of appropriate tooling is required. This also acts to facilitate future scalability.

Solidatus for data protection

In order to digitize and lift meaningful information from contracts, Solidatus offers the ability to provide a platform where not only inputs can be uploaded, eg terms and conditions, but also where meaningful relationships can be mapped which can be codified into the metadata and query language.

This allows your organization to streamline contractual, legal and regulatory compliance requirements, and reduce the documentation that needs to be completed and executed for each project.

Solidatus modeling is proven to garner powerful outputs for global organizations. Users can immediately understand which countries are participating in data sharing agreements, under what conditions, which processes, what data categories they are being impacted by and which external regulations are driving the impact.

Get instant access to the sample model and dossier of material, which includes:

  • a whitepaper on data protection by design and default
  • a case study on cross-border data sharing for a global bank
  • a GDPR factsheet and a selection of relevant blog posts.

Our read-only model is designed to give you a flavor of how you can use Solidatus for clever data management, visualization and discovery. 

Solidatus Model

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FIMA report: Data as a strategic growth asset

The FIMA Europe Research Report provides a unique insight into prevailing attitudes to data management among senior financial executives charged with delivering it within their enterprises.
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Data Management: Lessons Learned

“Respondents to the FIMA 2021 report would be expected to ensure that the data for which they are responsible is fit for purpose. Answers to some of the questions, however, suggest that there may still be shortcomings…”

Containing survey answers from 100 Chief Data Officers from buy-side and sell-side firms across Europe, find out the challenges faced in 2021 and the solutions being put in place.

Some key findings from the report:

  • 91% of respondents do not have a ‘high level of trust’ in the accuracy, traceability, and usability of their data across their enterprise.
  • 51% of respondents answered that they use automation to identify data risks, but only 14% of answers included any knowledge of the processes involved. 

Improved Decision-Making Through Trusted Data

The regulatory landscape is still in a phase of adjustment. Risk portfolios are expanding to include less familiar challenges, such as personal data privacy, cloud usage, Environmental, Social, and Corporate Governance (ESG), and climate risk. As a result, firms are now placing more attention on the need to review controls of automation tools (e.g. supervision of robotic process automation (RPA)) and evaluating quality control of digital processes.

Today’s regulatory environment is in contrast to the past when regulators were responsible for identifying noncompliant behaviors and practices. It now places the onus on firms to transform their data analytics capabilities. This includes their ability to collect, store, and analyze data.

Today there are strong incentives for firms to transform how they manage risk compliantly and efficiently.

Success requires the replacement of legacy systems, automation of manual tasks, adoption of Cloud strategies (proprietary or otherwise) and integration of artificial intelligence and advanced machine learning techniques in core business processes.

Many firms are still on the journey in a process that is set to be transformational, not only in an operational sense but strategically too. When implemented in its entirety, big data will help firms go well beyond improving their risk management, reporting compliance, and operational efficiency. It will help them in devising better pre-and post-trading methodologies and improving the client experience, front-office sales and client retention.

Strong data management will be foundational. But it offers exciting opportunity – to gain insight, drive client value, and growth in revenues.

Download the free report to discover more insights.

Plus, don’t miss the thought leadership piece from Solidatus’ Co-CEO, Philip Dutton, on why what you don’t know can hurt you when it comes to automation.

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Digital transformation and the role of data lineage

Elizabeth Squire, Business Development Director at Solidatus, joins EM360 to discuss data linage and its role in achieving successful digital transformation.
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Elizabeth Squire, Director of Business Development at Solidatus, joins EM360 to discuss data linage and its role in achieving successful digital transformation.

Data lineage represents the flow of data through organizations, enabling a complete understanding of data origins, journeys and destinations. Lineage is widely recognized as a foundation of effective data management within communities of data professionals and by international data standards organizations including ISO, DAMA and the EDM Council.

In this podcast, Elizabeth discusses the challenges faced by today’s data-rich and regulated organizations and best practices when it comes to approaching a digital transformation strategy.

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Understanding the state of local government data

For Digital Leaders Week 2021, we joined our client Devon County Council and our partner Peak Indicators to discuss the how the Smarter Devon program – alongside Solidatus and Peak – is meeting the Council’s human and technical challenges around compliance and data governance.
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For Digital Leaders Week 2021, we joined our client Devon County Council and our partner Peak Indicators to discuss the how the Smarter Devon program – alongside Solidatus and Peak – is meeting the Council’s human and technical challenges around compliance and data governance. They looked at the following points:

  • Devon County Council goal was to democratize information about data by transferring understanding from human brains into a knowledge-sharing tool
  • The Council’s focus areas were Information Compliance and Data Management, with two areas of challenges: Human and Technical
  • Solidatus was brought in by partner Peak Indicators to embed data journey mapping across the organization, develop a metadata framework and ensure data quality that improved projects and led to better business decisions
  • This resulted in confidence in the organizational data and reporting measures on a Technical level, and enabled cultural change on a Human level

Devon County Council faced a number of obstacles when it came to their data due to compliance and data protection laws. They needed to quickly understand how they were processing personal data, what information assets they had, which data sources were attributable, who was responsible, who was using the data and where it was going – that’s where lineage plays a crucial role.

After working closely with our partner Peak Indicators, Devon County Council engaged Solidatus to help them map out their data discovery. Solidatus made it possible for the Council to visualize the flow of their metadata throughout the organization, giving them the opportunity to share important knowledge between teams. Solidatus Customer Success Manager Bipin Mistry commented, “The benefit of having that information is that you retain knowledge within the company – it isn’t walking out of the door with a person anymore.”

The Solidatus solution is simple: discover data, visualize it, and act upon it.

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SMCR: Empowering ownership, accountability and governance

It is reasonable that senior management should take responsibility for decisions made in their areas of accountability. High-profile corporate failures, however, have prompted new senior management accountability regulations to be brought into force globally.
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Based upon the information published by the FCA, The Chartered Insurance Institute and The Bank of England, the purpose of this paper is to review the content of the recently published Senior Managers and Certification Regime (SMCR) and examines how organizations like the FCA have proposed it should be implemented. In addition, it aims to demonstrate how some boardroom executives have adopted innovation and introduced a new tooling to empower greater ownership, promote better understanding and ultimately drives efficiencies, as well as cost savings.

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