According to Solidatus co-founder and director Philip Miller, his stint as global head of global data and information services at HSBC Holdings helped him realise that banks wasted a lot of money trying to process and understand huge amounts of data.
SINGAPORE (Nov 18): The 2008 global financial crisis forced many central banks to adopt more robust strategies in risk management. Stronger regulations were put in place and banks around the world were required to report their activities in real time. But there was just one problem: These banks were not sufficiently equipped to deal with such an onslaught of data.
This was one issue that led to the forming of UK-based Solidatus in 2017. The company says its specialised data lineage software is an intuitive web-based application that allows organisations to discover, visualise and understand how data flows through their systems.
