Global financial institutions are coming to the realization that the business processes and operational models they have relied on in the past won’t necessarily help them succeed in the current increasingly regulated environment. That’s not to mention the struggle to overcome lower margins and increasing competition.
As these concerns weigh on buy-side, sell-side and insurance companies alike, many firms are dedicating more attention to data management, which can create value that translates into new products, improved operations, innovative services and better customer experiences, ultimately driving growth and revenue. A majority of firms have been successful initiating these programs—an enormous task that many organizations have found daunting.
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