A leading regional financial institution
Recently adopted and emerging regulations required the use and reporting of accurate, verifiable, and relevant data to regulators regarding key business operations. However, variances in the collection, storage, and processing of data by disparate business units resulted in data quality issues for the institution. The client lacked a sustainable and validated system of record for customer information, which resulted in increased regulatory scrutiny and operational risk across the institution for areas that utilized the data (client profitability, management reporting, regulatory reporting, etc.).
The objective of this project was to implement a technology solution for customer and product data that demonstrates high data quality and enables consistent and seamless integration to multiple data sources for a comprehensive data view and efficienct mapping to regulatory requirements