The Imperative Of Data Management For Banks

Banks must now identify vendors that help manage data from end to end, paying special attention to critical data pipelines. Effective data management includes technical and nontechnical characteristics that support data quality improvement, consistency, and transparency. Banks should consider solutions that support improved data capture and EDM goals, such as data capture, movement, and use of data. Improving data quality and control is not only important for meeting regulations, but also makes good business sense.