Data governance a renewed imperative for competitive digital financial institutions
Investment in sound data governance systems will pay off in increased customer trust and competitiveness in the market.
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NEW and more prescriptive privacy and other data-related regulations are elevating data governance to a strategic asset for organisations in all sectors. Data governance can no longer remain confined to a back-end IT operation.
As the data-rich financial-services sector digitises more of its financial products and services, data governance should be prominent in the executive agenda. The imperative for sound data governance will continue to persist with the introduction of new regulations on data sharing and artificial intelligence.
Foundation for sustainable data privacy compliance
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