Mark Davies

Managing Director,
AVOX

In January 2013 Mark took over as General Manager of Avox Ltd. Avox is a specialist provider of legal entity data validation services and products, and a wholly owned subsidiary of The Depository Trust & Clearing Corporation (DTCC). Mark joined DTCC in January 2012 to help develop the global LEI solution, focussing on LEI outreach within Europe and development of the CICI Utility platform. He also participates in the FSB Industry advisory group for LEI.

Prior to this Mark worked for The Royal Bank of Scotland where he managed data for Group Risk and the legal entity data solution for the group. During this time Mark was an active industry participant in the growing LEI debate and a member of the GFMA’s global LEI steering committee.

Between 2000 and his move to RBS in 2007, Mark managed the entity reference data team for Barclays Capital.

Check out the incredible speaker line-up to see who will be joining Mark.

Download The Latest Agenda

Day 1

Thursday, December 11th, 2014

11:25 The Big Question Panel: The new managed utility model vs managed services – which is truly best for your business?

Regulations as well as pressure to lower costs whilst being more transparent are forcing banks to look for new ideas and strategies. The concept of managed utility has finally gained momentum and many call it the new “disruptive” idea that will change the way we see and manage data in financial institutions. But will it really? Is managed utility truly bringing a new type of value or is it simply creating havoc? Financial institutions are exploring the managed utility model with great enthusiasm, but only time will show if it saves money or improve performance. Unfortunately, with time will also go huge investment and effort. Is it worth it? Should you stay with what you know or take advantage of new concepts and providers? How does it affect your current relationships and business models of your most trusted partners? Join this panel to get answers to these pressing questions:

• What is the true difference between managed utility and managed services models?

• Evaluating the business benefit of managed utility – is it really impacting your P&L the way it is supposed to?

• Estimating and managing the risk of the utility model – can the first mover advantage bring you benefit?

• Using utilities for regulatory compliance – panacea for all headaches?

• What are the main challenges for data vendors and how are they adapting to the new environment?