thoughts & threads

The Wealth team is looking to deliver a POC for a centralised product database covering a limited set of Wealth products, such as personal pension plans, bonds and SIPPs. The purpose is to prove whether selected product data can be viewed, maintained and governed more consistently in one place, rather than relying on multiple systems, spreadsheets and SME knowledge. The POC includes user capabilities such as viewing product attributes, updating selected attributes, adding notes, using hints and tips, searching and filtering, grouping products, viewing legacy codes, exporting data and producing MI reports. It also includes control capabilities such as permissions, audit trails, restricting concurrent updates, bulk data loading and basic change flexibility. I would not describe it as a full Product MDM yet, but it has MDM like ambitions because it is trying to create a more controlled and centralised view of product information for the Wealth area.