Top Global Financial Institution Picks Global IDs to Improve Data Quality to Drive Critical Business Needs
A large global financial institution needed to make sense of its vast global data assets
to meet complex business needs, such as regulatory reporting, liquidity assessment and
customer acquisition. But getting to trusted, accurate data was a huge challenge. The business was intricate,
supporting corporate, retail, small, medium and enterprise customers and a tangled web of
legacy systems. Data issues were rampant.
A leading U.S. regional bank was required to adopt a new regulatory compliance and
update its corresponding reporting requirements. To meet the need, they had to manage data over the entire credit lifecycle, requiring a
broad set of data and history to calculate accurate results—but this was a challenge
with multiple data systems, manual processes and lack of visibility into their data.
A large global bank, challenged to meet multiple metadata management requirements over many
years, lacked a comprehensive solution to meet these needs. At the same time management
increasingly understood the value of organized data for analytics, particularly to increase top-line
revenue in an era of historically low interest rates.
This case study describes three important lessons that Global IDs has learned from implementing its solutions in Financial Services firms over the last five years. Financial Services is a broad sector, encompassing retail banking, insurance (life/property and casualty), investment banking, asset management, the securities subsector and more.