Master Data Management
At the heart of an effective data management strategy is the critical master data, the “golden source”. This will ensure consistency of data within the different technologies and applications that may be in use across your organisation. Implementing Master Data Management defines the processes, governance, standards and tools that manage this master data.
By bringing clarity and order to enterprise-wide data, Master Data Management can also play a vital role in helping your organisation attain and maintain regulatory compliance. It addresses directly several of the key principles outlined within the Basel Committee on Banking Supervision’s Principles for Effective Risk Data Aggregation and Reporting (BCBS 239). It will make it much easier for your company to produce specific datasets and other information when these are requested by regulators.Back to Solutions Get in Touch