Financial Data Management in Banking

Enterprise Challenges

With digital transformation being a should for banks wishing to remain in enterprise over the lengthy haul, banks should handle quite a lot of challenges – e.g., rising knowledge volumes, knowledge pervasiveness and consumer calls for for knowledge – in an effort to develop into the data-driven enterprises they have to be. Huge volumes of knowledge are pouring in from cellular apps and units in quite a lot of codecs, together with pictures, audio and video. And knowledge is in every single place. Banks are swamped with knowledge on prospects, from monetary transactions, buyer buy histories, advertising and marketing campaigns, social media streams, third-party sources, textual content messages and extra. Customers themselves – i.e., financial institution workers – are potential analytics customers who want reliable, safe knowledge they’ll use for determination assist and evaluation, with self-service entry to each knowledge and easy-to-use analytics.

How Knowledge Administration Can Assist

SAS gives a single, unified knowledge administration framework and automatic processes – from knowledge assortment and aggregation to knowledge validation and cleaning. Our banking and monetary analytics software program provides essentially the most full, subtle knowledge administration capabilities, together with:

• Knowledge high quality and integration. Consolidate knowledge from inside and exterior sources, observe knowledge lineage, and cut back errors and inconsistencies with embedded knowledge high quality instruments.
• Knowledge preparation. Put together knowledge for analytics and reporting in a self-service setting with out coding or assist from IT. Spend much less time making ready knowledge and extra time analyzing it.
• Knowledge governance. Spend much less time managing knowledge with a constant set of insurance policies and processes that ensures your knowledge’s conformity with established insurance policies and regulatory requirements.
• Private knowledge safety. Fulfill your prospects’ wants for private knowledge safety. Absolutely perceive and monitor the state of your knowledge. Work towards compliance with GDPR and different privateness laws.
• Knowledge federation and stewardship. Eradicate the complexities of knowledge integration with a digital knowledge setting that simplifies administration and safety whereas delivering a whole knowledge image in a business-friendly format.

Why select SAS?

Solely SAS provides you a whole, built-in and trusted view of all of your enterprise knowledge. You may entry the information you want, once you want it, and eradicate overlapping, redundant instruments and techniques. SAS lets you:

• Be sure that all inside and third-party knowledge will get and stays clear – and that it’s managed in such a means that doesn’t create redundancies – with a built-in knowledge profiler that finds and fixes knowledge high quality points routinely.
• Abandon the piecemeal method to knowledge administration with a single product set for knowledge entry, integration, high quality, governance and grasp knowledge administration.
• Glean analytical perception from massive volumes of unstructured knowledge – from paperwork, emails, social media sources, and so on.