September 22, 2010 – Financial firms are centralizing the management of their data. And are willing to pay extra to make sure the data is accurate.

That sounds like pretty good news: Now comes the bad part. Financial firms still haven’t gotten their acts together when it comes to standardizing data terminology and that’s making data integration a lot harder. That is according to a 2010 benchmarking study just released by the Enterprise Data Management Council, which worked with financial service consultancies Headstrong, Element22 and Lepus.

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