Financial services firms are making significant progress in data governance. But they still face major challenges in data quality, according to the 2017 Data Management Benchmarking Survey Report from the EDM Council, a non-profit trade association founded by the financial industry to elevate the practice of data management as a business and operational priority.

The biennial study, produced in collaboration with Sapient Consulting and software provider Pellustro, found progress toward setting up enterprise-wide data management programs and implementing data governance. It also highlights several key areas where industry capabilities lag in meeting the requirements set out by global regulators and market authorities.

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