Defining and Organizing Finance Data to Meet Compliance
A large finance company needed to maximize their value, manage risks, and reduce costs by managing internal and external data.
The customer faced several challenges regarding their enterprise data:
- Controlling data
- Understanding data
- Managing data
- Understand what processes are working and which ones aren’t and why
- Lack of business stakeholder commitment
- Redundant development and maintenance efforts across various systems
V-Soft Digital deployed a robust data governance solution including meta data management, business glossary and data lineage that provided end-to-end control of the client’s data.
- Consistent view of data with flexibility for all business units
- Data accuracy, completeness, and consistency
- Ability to identify location of all data related to key systems
- Single version of truth, creating appropriate level of entities and activities
- Meets government regulations such as GDPR and PCI
- Overall Improved data management