DATA MANAGEMENT CHALLENGES IN FINANCIAL SERVICES
Data must be available, trustworthy, transparent, understood, authoritative, holistic, and protected to overcome today’s industry challenges.
Organizations struggle to grow revenue from existing customers when data is fragmented or available only at an account or policy level.
Delivering exceptional service and experience to customers depends on trusted and timely data.
Complying with new and existing regulations is exposing weaknesses and gaps in existing data management and governance investments.
Underlying data issues are causing losses from payment and trading fraud in banking and claims fraud across the insurance sector.
Integrating systems and data takes longer than expected and often goes over budget due to a lack of capable solutions.
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