Governance in Data Management

Fundsquare Masterclass at ALFFIGlobal21

The efficient management of data should be of utmost importance for any actor in the financial industry. 

The origination, storage, transmission, and use need to be monitored as any other asset. Within a continually evolving regulatory landscape, the need for flexible and performant tools supporting data management takes center stage.

Digitalization has led to an exponential increase in data. With institutions required to process more and more data, the need for aggregated data respecting compliance rules, but also making sure that distribution networks and platforms are disclosing the right information at the right time to the right places, is imperative.

We recognize that data management challenges are not the same for everyone. Specialized asset managers tend to use in-house resources to manage their data and have often not developed the infrastructure that general (and often larger) asset managers have.

This said, the larger the network, the more difficult it is for a fund manager or management company to source and follow up on the data. Multiple domiciles, different Regulatory Authorities per locality, and working with various third-party service providers render the process more intricate.

Likewise, the trend toward the standardization of marketing and sales materials for fund distribution is strongly felt within the industry.
If not just for the increasing focus of Regulatory authorities weighing in on this, industry players feel the definite need to control content and data throughout the value chain.

Mattias De Mol, Fundsquare

Mattias De Mol

Head of Client Service Delivery 

Data is a key asset that requires proper management to take advantage of its full worth.

It is essential to work on bringing aggregated, up-to-date data to asset managers and management companies to support their overall fund distribution process. In line with the ever-changing regulatory environment and fully aware of clients’ preoccupations, financial service providers must keep an open mind and ear.

Clients want to maintain control over their data and how it is being managed. This requires a certain level of flexibility and, in our company, is optimized via tailor-made IT development to follow each step of the data processing journey. Customization is key in respecting the needs of every client and provide the ideal foundation to cope with these current and future challenges. Proper governance in efficient data management not only reduces costs but also mitigates risk on many levels.

We are a fintech with a service. Our technology is scalable and flexible. As specialists, we have the necessary teams and infrastructure to accompany our clients in their projects and allow them to efficiently manage and control their data.

Paperjam, September 2021

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