Quantzig, a global data analytics and advisory firm, that delivers actionable analytics solutions to resolve complex business problems has announced the completion of its recent engagement that sheds light on the implementation of a data governance framework for a leading financial conglomerate based out of Europe. This success story offers comprehensive insights into the steps adopted to help the client to implement a new framework to analyze and manage their data more efficiently.
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Data is the most valuable asset that needs to be well maintained and secured across industries. For banks and financial service providers, collecting, safeguarding, and analyzing data is a core competency that differentiates them from their competitors. Looking for a similar competitive differentiation, the client a major banking and financial service provider with a presence across western Europe approached Quantzig. They were looking forward to developing a data governance strategy that could help them to address the primary data management issues faced by their team on a daily basis.
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The clients challenges included:
● Lack of flexibility to address the ever-growing needs of a rapidly changing business landscape
● Lack of data traceability to track various investment activities
● Lack of data governance model which was much required to meet the regulatory needs
According to the data analyst experts at Quantzig, “A scalable, dynamic data governance framework for BFSI industry can help in addressing requirements associated with cybercrime and fraud detection.”
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The data governance framework enabled the banking and financial service provider to:
● Discover and analyze large volumes of data
● Prepare and distribute validated risk reports on time
● Access the real-time data across the enterprise
To help the banking and financial services provider overcome their data management challenges Quantzig’s analytics experts developed a data governance framework that helped the client to address the issues arising due to a siloed data environment. The scalable, dynamic data governance framework also helped them address requirements associated with cybercrime and fraud detection.
Deploying a data governance framework can help you gain a front-line advantage in today’s complex business scenario. Connect with our analysts to know how: https://bit.ly/3b5v7my
Read the complete success story for comprehensive insights: https://bit.ly/33nEX0C
Quantzig is a global analytics and advisory firm with offices in the US, UK, Canada, China, and India. For more than 15 years, we have assisted our clients across the globe with end-to-end data modeling capabilities to leverage analytics for prudent decision making. Today, our firm consists of 120+ clients, including 45 Fortune 500 companies. For more information on our engagement policies and pricing plans, visit: https://www.quantzig.com/request-for-proposal