by Angela Guess
Visa Europe is building a data governance program with C-suite leadership in order to improve the company’s information management. Leo King reports, ” The company, which processes around 12 billion debit and credit card payments annually and has spent over £400 million on its processing technology, said the function evolved out of a business intelligence project that began three years ago. Paul Fulton, VP of data governance at Visa Europe, told delegates at the Gartner Master Data Management Summit in London today that the company had placed senior leadership on the board of the new function, known as the Enterprise Data Committee.”
King continues, “This was important because of the strategic importance of managing well the vast amounts of information the company processes, he said. ‘Our committee is led by Visa Europe’s chief risk officer, and has a board level mandate,’ Fulton explained. ‘The other members are at VP level.’ The management of data is then checked at a more granular level by specific data stewards. The committee began by setting Visa’s data governance policy and compliance measures, and then appointing the data stewards across functions such as marketing, IT architecture, sales, human resources, and security. Visa Europe operates two data centres in different locations as part of its business continuity and resilience efforts.”
photo credit: Visa
