05.05.2015 02:44 pmFintellix
With the constant introduction of newer and stricter Basel guidelines, the significance of data management has never been higher for banking institutions. As an outcome of the financial crisis, there have been massive changes in the regulatory requirements for compliance, risk management, operating efficiencies and customer relationship management among other areas. Business groups in Banks responsible for these requirements need accurate and quality data for effective decision making and the same data is viewed by different business groups differently. Imperative therefore that certain cardinal rules are observed for all data, i.e. content and purpose of the data, related business rules, ownership and administration, and location.
With the implementation of the Payment Services Directive 2 (PSD2) Access to Accounts (Open Banking) in September 2019, many Financial Institutions have been working towards compliance with the reg Read more »
The Open Data Institute researched this report to help banking executives understand the opportunities Open Banking affords to acquire new customers, simplify the new customer onboarding process, i Read more »
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One of the primary reasons that inclines rms toward a self-build approach is that those within the organisation know the business best, and therefore the resulting solution should cater for the exa Read more »