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KNOW YOUR CUSTOMERBreakfast seminar hosted by Headstrong and Informatica addresses risk, compliance and data management issuesDallas, TX, October 1, 2009 -- As part of their continued commitment to leveraging joint expertise in the areas of compliance and customer data protection, Headstrong and Informatica Corp co-hosted a seminar on Sept 16, entitled "Know Your Customer -- Driving Value through Trusted Data". The event brought together IT consultants and corporate executives alike to discuss issues pertaining to client data protection, and the impact of master data management on risk and compliance. Experienced panelists from each side presented strategies and technologies on how to bolster protection of customer data. Mike Destein, Informatica's Director of Solutions Marketing for master data management (MDM), kicked off the hour-long program. He began with an explanation of the importance of MDM, arguing that without such a foundation, a business doesn't truly know its customer. "Having accurate customer data available isn't just nice to have, it's critical in an era of ever-increasing regulations", Destein told the audience. He also explained how data quality and identity management fit into an overall MDM strategy. Susan Palm, representing Headstrong's Compliance Practice and a 25-year veteran of the risk management industry, in turn gave the audience an overview of specific threats to customer data protection. She also enlightened listeners with a summary of new regulations emerging in response to those threats, and how IT departments across companies could adapt to the new rules. During her talk, Susan shared several interesting statistics on upcoming trends and threats to customer data. For instance:
Susan told the attendees that new regulations demand companies protect customer data even in non-production environments. Often, she noted, that can entail the use of a tool such as Informatica's Information Lifecycle Management (ILM) solution. Susan wrapped up the session with several questions from the audience, who seemed somewhat surprised and sobered at the alarming data security statistics she had presented. Post presentation feedback from the audience showed a high level of identification with the issues presented and was appreciative of Headstrong's and Informatica's joint efforts in educating the market on customer data protection and management. The two companies are announcing several follow-on sessions in the coming months, as newer regulations take shape. About HeadstrongHeadstrong is a global consulting and IT services company with a specialized focus in financial services. The company works with top securities firms, providing domain consulting, technology and operations outsourcing in verticals like asset & wealth management, mortgages, reference data, securities financing, prime brokerage, derivatives and compliance. Headstrong operates in 8 countries, with nearly 3000 employees. Outsourcing services are provided from offshore centers in India and the Philippines and 'near-shore' centers in Atlanta, Boca Raton and Long Island. About InformaticaInformatica Corporation (NASDAQ: INFA) is the world's number one independent leader in data integration software. The Informatica Platform provides organizations with a comprehensive, unified, open and economical approach to lower IT costs and gain competitive advantage from their information assets. More than 3,700 enterprises worldwide rely on Informatica to access, integrate and trust their information assets held in the traditional enterprise and in the internet cloud. For more information contact : product.management@headstrong.com |
