Industry Solutions

Banking and Financial Services,GDPR

Regulatory compliance, GDPR, 360 view of customer, data security

The Challenge

Dramatic transformations in banking have been driven both by new regulatory requirements and the technological advancements that aid banks in meeting and exceeding such requirements. One of the largest challenges faced by banks today is managing data – both for regulatory requirements as well as to gain meaningful insights.

Trends
Functions
Trends

More regulations related to data protection and security. GDPR

Omni-channel interactions with customer

Explosion of interaction data with customer and systems

BAD DATA

bad-data

Data Volume

bad-data

Higher need for data security

bad-data

Statutory and Regulatory requirements

bad-data

Interfacing with legacy systems

Functions
settings

Risk Management

settings

Marketing

settings

Data Governance

settings

Legal

NEGATIVE IMPACT

Enterprise security risk

Non-Compliance, penalties

Lack of understanding of marketing / customers needs

DvSum Solution

DvSum capabilities for Banking industries provide a rich set of capabilities to assess, assure and govern the data across the enterprise. With its ARM your data methodology, DvSum solution allows banks to Assess the current data governance processes, tools and organization against the compliance requirements. Remediation of data takes form of cleansing, harmonization, reconciliation and review of the governance framework. Finally Governance is enabled through a framework comprising of organization, processes, policies and metadata management.

Processes

  • Legal
  • IT
  • Marketing
  • Data Governance

Connectors / Integrations

  • SAP
  • Legacy Systems
  • Big Data Clusters

Data Coverage

  • Consumer Data Model
  • Credit card processing data

Data Quality Checked

  • Completeness
  • Accuracy
  • Golden-view of customer
  • Regulatory requirements

Enabled Workflows

  • Compliance Audit Workflows
  • Update request
  • Deletion request
  • Export of data request

Get free consultation with DvSum

We'd love to show you our platform, technology and discuss with you, how we can help you get more value out of your data.