It's Time for a Data Detox
Financial institutions have spent the last four years getting rid of the hangover that toxic assets created in 2008. While the industry might be tempted to give itself a clean bill of health, not enough focus has been placed on cleaning up internal processes – namely data management – to support these assets. With data volumes and risk management needs quickly outpacing the capabilities of legacy processes, it’s time for these institutions to flush out any toxins lurking in their data management.
« Transfer Agency: Striking the Right Balance in 2013