Back office security and data cleanliness are key issues among financial services professionals, a recent study by Tabb Group notes. In fact, poor data quality and difficulties tracking data lineage are the biggest challenges related to traditional instrument identification practices, with 95 survey respondents categorizing it as one of their top three pain points. A new Financial Instrument Global Identification (FIGI) framework could help streamline efforts, but it is not a panacea.
Tabb study points to pain points in big data migration, lays foundation for Financial Instrument Global Identification framework
In a survey of 180 banks, brokers, central securities depositories and...