July 28 - Findings of the North American Financial Services Sector Study indicate that companies in the financial services sector are growing more aware of the role data quality and data governance play in regulatory compliance, business decision-making and customer relations. The study was sponsored by SAS subsidiary Dataflux and conducted by Lodestar Research.

The economics of the past 18 months make it more important than ever for financial institutions to be in control of and maximizing their data, the study finds and the concept of data quality is becoming ever present given the sector’s upheaval. Among financial services respondents, 92 percent feel that data quality will become an even bigger issue in the next five years due to the financial crisis.

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