Solution Briefs

This industry solution brief shares key insights on how financial institutions can drive innovation with trusted data and enable a plethora of mission-critical applications, including risk and compliance, AI governance, and more.

Below is an excerpt from the brief. To read the full brief, [click here]

Financial institutions operate in a highly complex data landscape with petabyte-scale data residing across thousands of disparate data sources in an on-premises, hybrid and multi-cloud environment.

Across lines-of-businesses — from risk, finance, compliance, marketing, and more — data citizens are struggling to easily discover and understand the data they have. They are unable to ascertain who owns the data, where it originated from, whether it is trustworthy and fully governed for use, if it is of high quality and whether it contains sensitive information.

For any financial institution, a lack of data literacy (understanding of data) and visibility into their data ecosystem, coupled with poor quality data, elevates the potential for operational and regulatory compliance risks. Moreover, it is an impediment to deriving value from data in a timely manner.