Every bank, asset manager, insurance company and other financial services institutions have been persuaded to change their operations through a variety of recent regulations. All these organizations have also witnessed exponential increases in the volume of data they collect from a variety of sources.

The regulatory landscape that permeates among banks and financial institutions has created a dichotomy that these organizations need to reconcile. On the one hand, these institutions have to manage their data practices in a manner compliant with the regulatory stipulations. On the other hand, the same institutions have to leverage data to glean insights to deliver new products and services to the market, understand customers better, reduce operational costs, improve risk management, achieve topline growth, etc.

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