The financial industry has always focused on data quality, driven by the need for compliance with regulations such as Basel III, MiFID II, and Solvency II. However, as the industry evolves, organizations recognize that improving data quality is not just a compliance requirement but a key driver of business value. According to Gartner, 86% of financial organizations believe that improving data quality is essential for achieving their business objectives.
Data quality is crucial for the financial industry, not just for compliance reasons, but also for gaining a competitive edge. In today’s digital landscape, data-driven decision-making is essential for staying ahead of the competition. With accurate, reliable data, financial organizations can gain insights, improve operational efficiency, and drive revenue growth.