The banking sector incurs significant IT maintenance costs by unnecessarily replicating data through divisional or functional operational data stores and data marts. This is particularly the case for Finance and Risk whereby reporting data, processes and systems have been historically developed independently, resulting in the duplication of data and ultimately increased cost of ownership and reduced change agility.
With increased regulatory focus on alignment of Finance and Risk data banks are faced with significant pressure to remove the data duplication that currently exists. Banking Analytics can help in Assessment of the data.
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CIOs, IT Application Management, IT Operations, Strategic sourcing and vendor management, Global sourcing, Strategy and innovation.