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Actualize Consulting is a professional services firm specializing in business process engineering and technology implementations for financial institutions. The organization serves mortgage firms, banks, insurance companies and other financial institutions, Federal and State Government, as well as specific activities of Fortune 1000 firms
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The Monetary Authority of Singapore is the central bank of Singapore. It promotes sustainable, non-inflationary economic growth through the conduct of monetary policy and close macroeconomic surveillance and analysis. It manages Singapore’s exchange rate, official foreign reserves, and liquidity in the banking sector.
For more information, click here.
Health Canada, a part of the Health Portfolio of the Canadian government, is the Federal department responsible for helping Canadians maintain and improve their health, while respecting individual choices and circumstances.. It ensures that high-quality health services are accessible, and works to reduce health risks.
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Fiùtur is led by technology, finance, policy, regulation, and data experts, working together to accelerate the energy transition through trust and transparency. The organization has developed the Standardized Market Asset & Registry Template (SMART), which is an integrated, multi-party governance framework, data architecture, and technology platform.
For more information, click here. Please also read the announcement about Fiùtur’s and EDM Council’s partnership to drive data innovation in sustainability.
Golden 1 Credit Union is one of the nation’s largest credit unions with more than $20 billion in assets. Their mission is to deliver financial solutions with value, convenience, and exceptional service to their members. As a not-for-profit cooperative, they return the credit union’s earnings to their members through higher returns on savings, lower interest rates on loans, and a broad array of free services.
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EDM Council, a cross-industry trade association to advance data management and analytics best practices, is collaborating with Fiùtur, a leading digital trust network for the energy transition economy, to launch a strategic initiative to deliver open, trusted standards to drive information transparency, facilitate capital allocation and reduce risk in the rapidly evolving transition economy.
The current data landscape for energy transition assets suffers from fragmentation, incompleteness, and incompatibility. To bridge this gap, the EDM Council’s Data Innovation Lab and Fiùtur are joining forces to establish an industry working group to develop a foundational set of sustainability identifiers. This collaboration will leverage open-source technology and ontology-based knowledge graphs to ensure seamless interoperability at the asset level, initially focusing on key use cases such as the hydrogen supply chain but ultimately designed to holistically encompass the energy transition landscape.
The new standards and governance framework will enable participants in the transition economy to standardize outcomes and processes to increase the value of producing assets’ claims, while allowing capital providers to make informed decisions on transition investments.
“Trillions of dollars of finance are needed to respond to global demand for sustainable products,” says Joe Madden, CEO of Fiùtur. “At the core of efficient transition capital allocations are new risk evaluation and governance rules for producing-asset level data and verifiable transition attributes. Fiùtur is proud to partner with EDM Council to address this challenge and build strong foundations for the required Trust Infrastructure.”
The platform supporting EDM Council’s Data Innovation Lab Program has successfully driven prior open industry knowledge graph standards efforts in industries including finance (FIBO), pharmaceuticals (IDMP), automotive (AUTO) and digital manufacturing (NIST). Fiùtur’s platform and ecosystem enable real-world outcomes to flow through to the financial markets through partnerships with innovative technology providers such as Nammu21.
“Accurate, complete and connected data is critical to driving energy transition and advancing sustainability,” said John Bottega, President, EDM Council. “The EDM Council is excited to partner with Fiùtur to develop a framework of standard identifiers that will allow stakeholders to have a clear, consistent understanding of the value of assets to invest in and support the transition.”
EDM Council and Fiùtur are calling on their respective communities to actively participate. For further information please contact info@edmcouncil.org at EDM Council and info@fiuturx.com at Fiùtur.
EDM Council is the global association created to elevate the practice of data management and advanced analytics as a business and operational priority. The Council is the leading global advocate for the development and implementation of data standards, best practices, and comprehensive training and certification programs. With more than 350 member organizations globally from the Americas, EMEA, and Asia, and more than 25,000 data management professionals as members, EDM Council provides a venue for data professionals to interact, communicate, and collaborate on the challenges and advances in data management and analytics as critical organizational functions. For more, explore edmcouncil.org and follow us on LinkedIn and Twitter.
Fiùtur has developed an open architecture to enable the programmatic encoding of governance and commercial terms across transparent, digitally enforced and automated measurement, reporting and verification (dMRV) protocols to deliver provable, real-world outcomes to global markets. The Fiùtur ecosystem incorporates financial institutions and other capital providers, proprietary and public data sources, insurers, technical firms, certification bodies, industry players, project developers, environmental-commodity registries and markets, corporates, and a myriad of others. To find out more about Fiùtur, please visit www.fiuturx.com.
Expleo is a global engineering, technology and consulting service provider that partners with leading organizations to guide them through their business transformation, helping them achieve operational excellence and future-proof their businesses. Leveraging its deep sector knowledge and wide-ranging expertise in fields including AI engineering, digitalization, hyper automation, cybersecurity and data science, the group’s mission is to fast-track innovation through each step of the value chain.
For more information, click here.
Park Lane is a data products development and consulting firm that brings its technical expertise to clients to better leverage technology to achieve strategic outcomes through advisory, managed services, data analytics & insights, software development and cloud enablement.
For more information, click here.
BB&T and SunTrust formed Truist with a shared purpose—to inspire and build better lives and communities. With our combined resources, collective passion, and commitment to innovation, we’re creating a better financial experience to help people and businesses achieve more.
With 275 years of combined BB&T and SunTrust history, Truist serves approximately 12 million households with leading market share in many high growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Headquartered in Charlotte, North Carolina, Truist is the sixth-largest commercial bank in the U.S.
Learn more on the Truist website.
By John Bottega, President, EDM Council
Published on TDAN.com
In a world increasingly dominated by data, organizations are grappling with the need to effectively manage and harness this valuable asset. And with increased regulations and compliance, opportunities for innovation and AI, digital transformation initiatives, and data-driven decision-making, the demands for accurate, accessible, protected data are increasing exponentially. At the same time, the data management profession lacks a standards-based measurement and formal recognition for data management excellence. This is key to identify where organizations’ data management functions might be under-resourced or significantly behind peer organizations, where their staff might need development to increase their effectiveness, or how data management should be a strategic, ongoing business priority.
Recognizing these challenges, the EDM Council has partnered with its member firms — cross-industry and around the world — to develop and launch the groundbreaking Data Excellence Program. This visionary initiative is designed to set a new standard for measuring and acknowledging data management excellence globally, providing a roadmap for organizations committed to continuous improvement in the dynamic function of data management and advanced analytics….
