Tag "Financial Services"

Two Ways Master Data Breeds Success in Financial Services

Their business may be finance, but these days banks don’t earn—or keep—customers by providing better returns or interest rates. Instead, banks increasingly compete by giving customers modern conveniences while making sure they stay in compliance amidst regulatory complexity. Those two issues—customer experience and regulatory compliance—are at the heart of the banking business in 2017. And... more

Data Quality Still a Challenge in Financial Services

Despite significant investments in Data Governance programs, Chief Data Officers, and Tools, financial services companies (buy side, sell side, insurance, banking, etc.) of all sizes continue to struggle with the quality of data in their enterprise as evidenced by a recent survey and white paper completed by WBR and Informatica “Modernizing Data Quality & Governance:... more

Financial Services will be “BIG” at Informatica World 2016

Like most industries, the financial services industry is all about those zeros and ones. Every credit card transaction, mobile payment, brokerage order, mortgage approval, and interaction between client and advisor generates a tremendous amount of data. Data that has to be trusted, secure, timely, and share across the enterprise whenever and wherever the business needs it... more

GDPR – Where to start?

Financial Services institutions are assessing where to start on the road to GDPR (General Data Protection Regulation) compliance. Here are some thoughts about the starting point. In a recent blog article, I set out my view on the journey to addressing GDPR compliance in Financial Services. In this blog, I’m going to examine my view... more

GDPR – The Next Major Data Privacy Challenge

The recent release of information around the new EU General Data Protection Regulation (GDPR) has highlighted a number of areas of the new privacy regulation that will prove challenging for many Financial Services institutions. In broad terms, the aim of the regulation is to enable citizens to take back control of their own data and... more

Data Governance: the 4 Know/Hows

I recently attended a meeting with a Financial Services organization on understanding the value of Data Governance. The audience were senior stakeholders in the business and they were not interested in a technology discussion. Their objective was to understand the value they could achieve by adopting an enterprise-wide data governance approach. They also wanted to... more

How to Improve Cross Sell and Customer Experience in Banking

I recently refinanced an existing mortgage on an investment property with my bank. Like most folks these days, I went to their website from my iPad, fill out an online application form, and received a pre-approval decision. Like any mortgage application, we stated our liabilities and assets including credit cards, auto loans, and investment accounts... more