Exodus - Extra!

The financial services industry has never been under a brighter spotlight or stronger microscope than it has been for the past year. Everywhere you turn there is someone or some organisation making demands towards greater regulation to control or monitor risk. At the same time, firms have begun to recognise that if they look after their own affairs before they are mandated by someone else, they will inevitably help themselves to avoid the fate of others no longer with us. Managing the new world risk challenges that they face demands that the data management work needed for tomorrow's business is started today. A key challenge to effectively managing risk and exposure is undoubtedly data management. Custodians and regulators alike agree that the inconsistencies in the myriad of systems out there can cause dissemination issues that ultimately make it extremely difficult to calculate an organisation's overall risk or exposure level. As we move forward, firms will be expected to

Today's quick-paced, information-rich businesses are full of data that can be classified, collected, tracked, stored, archived, and potentially located. No successful business can hide from the need for accurate business records management. Across the industry, organisations are searching for tools to help them achieve corporate compliance. But despite existing in the new era of cloud computing and ever evolving technology, many organisations remain dependant on a 20th century, manual process when it comes to records managements. The amount of data a business produces is staggering. Many organisations, from the top down, become numb to the need for effective records management. People often do not understand the reasons for record keeping and will engage in sloppy practice - or indeed - no practice at all! Records management gets viewed as a non-mission critical task that is taken on only when more "pressing" responsibilities have been addressed and it is often delegate