Synechron, Inc, the global financial services consulting and technology services provider, has announced a partnership with Solidatus, a data lineage discovery and visualization solution. Together, the firms are addressing challenges related to understanding data lineage, governance, and management by delivering powerful visualization of metadata across end-to-end business processes, including an intuitive and easy to use web interface and customizable filter options.The initiative is critical in helping firms get the most from their data, as well as to comply with upcoming regulatory obligations.
Today, the financial services industry is one of the most data-rich industries globally. Financial institutions and businesses struggle to keep up with the growing amount of data they are seeing and how to track, model, and gain meaningful insight from it. The partnership between Synechron and Solidatus aims to bring clarity to data owners and analysts regarding their data by delivering a powerful data visualization solution supported by industry-leading digital, consulting and technology expertise.
The solution provides a robust data lineage discovery and visualization tool to complement existing ETL & Governance solutions already in use, by collecting all lineage information into one place. Solidatus is an easy-to-use, highly scalable, web application that allows banks to better understand the shape and quality of their data. This caters to several unique use cases within financial services, in areas including: Regulation, Systems Integration, Transformation and Rationalization and Data Governance.
Daniel Percy-Hughes, Consultant at Synechron, said, “Data visualization tools are becoming increasingly important as firms generate more and more data. Regulations like MiFID, GDPR, FRTB and others demand deeper insight into this data placing greater focus on the need for enhanced data lineage. We are happy to partner with Solidatus to provide a solution to address these concerns and build on its proven successes already working with some of the biggest global financial services companies.”
Howard Travers, Chief Commercial Officer for Solidatus commented, “Synechron’s deep expertise across Business Consulting, Digital and Technology affords the opportunity for us to build on our existing data models and success in the financial services sector. This, paired with its commitment to innovation matching ours, has made for an obvious choice for strategic partnership.”