PellustroTM is an innovative platform that provides collective intelligence based on the opinions and expertise of relevant participants from within and beyond your organization.
It is a cloud-based platform for quantifying the views of stakeholder and SME communities using structured, domain-specific models (such as BCBS 239 preparedness, the DCAM capability model or the Data Management Maturity Model from CMMI) that yields detailed analytics and benchmarks to make better decisions.
PellustroTM, enables on-time, highly frequent, formal and global qualitative assessments of adherence to policies, standards, principles and best practices. It can be fully integrated into your existing Governance, Risk & Compliance (GRC) setup.
Firms leverage Pellustro as following:
1.) Sound operational risk management
One of the largest global banks leverages PellustroTM to measure policy adherence globally and data management risks; Also the progress on selected principles for BCBS 239 is measured on a global, quarterly basis with PellustroTM.
2.) Robust and mature data management
One of the largest global custodians leverages PellustroTM for data management maturity assessment (DMM and DCAM) and BCBS 239 compliance tracking to establish data management capabilities across the firm on a global basis.
3.) Global Benchmark Survey and Industry Capability Assessment
The Enterprise Data Management Council uses PellustroTM to conduct it’s benchmark survey assessment, by collecting scores from data professionals from hundreds of institutions on their progress to adapt best practices for data management as defined by DCAM, the Data Management Capability Assessment Model.
Just Released: Qualitative assessments enable just-in-time policy adherence measurement and early issue detection - A Market Commentary provided by Element22
http://www.element-22.com/qualit...
The biennial study from the EDM Council in cooperation with Pellustro finds significant progress in data governance, but major challenges in data quality remain.
Four years after the release of the Principles of Risk Data Aggregation by the Basel Committee on Banking Supervision, the financial industry still faces challenges in fully establishing a “control environment” for data management, according to the EDM Council’s 2017 Data Management Benchmarking Survey Report.
The survey covers 22 of the most essential concepts extracted from the EDM Council’s Data Management Capability Assessment Model (DCAM), and received responses from over 150 financial institutions. DCAM represents industry-standard criteria for measuring data management capability. Many financial institutions use it as a framework to establish new data management programs and benchmark progress.
To learn about the key results of this study, visit a summary in our data blog:
http://www.element-22.com/indust...
To access the results, analyze the results and compare 2015 with 2017, visit https://benchmark.pellustro.com.
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