GFT, a business, design and technology consultancy working with the top ten global investment banks, announces their partnership with the Enterprise Data Management (EDM) Council to support firms in the adoption of best practices for data management. Part of the service is the offer of a health check for banks to assess their data quality best practice.
The EDM Council officially launched the Data Management Capability Model (DCAM) Authorized Partner Program in January, after being formulated from industry best practices over the last ten years. Designed by the EDM Council's data management professionals to address the operational challenges that arise during regulatory implementation, it will assist financial institutions in complying with stricter requirements on data management capabilities. Specifically, the program documents 37 essential capabilities and 115 sub-capabilities associated with the development of sustainable data management processes.
Complete details on the specific components of the program may be found here.