Financial services firms harness market reference data to mitigate risk and make strategic decisions. But it’s no small task managing reference data from multiple sources and making sure the data is clean. In fact, a number of roadblocks stand between success and failure, including:
- Siloed data and fractured data ownership
- Lack of standard approaches, data identifiers, governance structures and policies for accessing, using and retiring data and the systems that hold it
The key is to cost-effectively, efficiently, and flexibly manage reference data. Those financial firms that do so can satisfy regulatory requirements and seize new business opportunities.
Achieve a Single Source of the Truth
The Ness Financial Data Enterprise (FDE) solution was purposely designed to provide financial services firms with the functionality and flexibility needed to realize this goal – now and in the future. Using this solution, financial firms can achieve a single source of the truth and view of the customer, even while managing growing data volumes from multiple sources.
Ready to exploit your reference data for a competitive advantage? View this on-demand demo from Ness for more insight into how our solution can help you achieve your goals.