Authored on: Dec 17, 2012
How enterprise-wide master data management helped five financial services firms get a better view of their customers and of their risk.
At many large financial firms, information that is accessible in one application isn't available in the others. Those data 'silos' make the organizations inefficient, prevent them from taking advantage of business opportunities, lead to poor decision making and can complicate compliance. Adopting an enterprise-wide data management solution can lead to more successful marketing, better customer service, operational efficiencies, reduced costs, compliance and improved risk assessment and management.