The Challenge
Dramatic transformations in banking have been driven both by new regulatory requirements and the technological advancements that aid banks in meeting and exceeding such requirements. One of the largest challenges faced by banks today is managing data – both for regulatory requirements as well as to gain meaningful insights.
Trends
Functions
Trends
More regulations related to data protection and security. GDPR
Omni-channel interactions with customer
Explosion of interaction data with customer and systems
BAD DATA
Functions
NEGATIVE IMPACT
DvSum Solution
DvSum capabilities for Banking industries provide a rich set of capabilities to assess, assure and govern the data across the enterprise. With its ARM your data methodology, DvSum solution allows banks to Assess the current data governance processes, tools and organization against the compliance requirements. Remediation of data takes form of cleansing, harmonization, reconciliation and review of the governance framework. Finally Governance is enabled through a framework comprising of organization, processes, policies and metadata management.
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