Cloud has been a game changer across the banking landscape, enabling new players to enter the market with disruptive models and making the competition fiercer than ever. Traditional banks are now challenged with rising to the customer demands that have come out of new agile organisations.
In order to meet this challenge and remain competitive in an evolving market, the established banks must embrace cloud data and technology. Sophisticated data and insight capability fuels profitable growth – it supports decision-making and reveals and anticipates opportunities, risks and the priorities for change in processes, products and services.
The insights held in banking data support decision making for profitable growth, but in order to access these insights, data must be managed in a responsible way that meetings compliance regulations and mitigates the risk of fine and reputational damage. Banks must have strong data governance in place that meets these requirements.
Download our latest whitepaper on digital transformation through effectively managing and governing your data in the cloud.