|
|
 | ||
| ||
|
|
|
News < Back Sarbanes Oxley : Technology : Data Governance Total Data Quality
"In light of recent problems in the financial services industry, it is critical for lending and investment institutions to better understand how information and data quality impacts their businesses, especially since they may be required to provide increasing levels of visibility and clarity about their data management and business processes," said Philip Howard, research director at Bloor Research. "These organizations will continue to strive to deliver trusted data to their constituencies, and should consider turning to organizations such as Trillium Software for expertise and knowledge of how data quality can improve their business processes around credit risk assessment and governance." Data problems such as missing or inaccurate data, faulty information, multiple or siloed loan systems, and audit failures or process breakdowns can lead to risk exposure and governance decay. DIG provides a set of services and software focused on financial data and risk management that enables business users, risk managers, data stewards and information technology professionals to better understand and derive contextual data quality, or "data intelligence," from multiple data sources and databases. In this way, the solution includes built-in intelligence for and about the financial services industry to improve data validation, rules compliance, and business processes germane to the financial and insurance industries. It creates a collaborative technology framework with tools such as electronic scorecards, reports, and graphs for enabling data transparency and provably correct processes for critical data management and governance goals – mitigating credit or business risks and improving data reporting. "Banks and lending institutions face the challenge of regaining stability and proving that the data supporting their risk positions is correct and accurate, thereby reducing uncertainty in their lending risk assessments and processes," said John Nicoli, managing director at Trillium Software. "By utilizing our DIG solution with its built-in data intelligence, these organizations can achieve transparent, provably correct validation methods in order to promote compliance with government and legislation requirements and re-establish trust in the data that these organizations rely on for their business goals." DIG integrates the Trillium Software System for data quality management, TS Insight reporting product, and data governance and strategic services based on more than 20 years of financial services and data quality expertise. Trillium Software customers are already realizing important benefits from utilizing DIG within their organizations. DIG has helped early users achieve unified data across the enterprise, validate information for risk managers, re-write and test business rules for compliance, and validate data for risk models. As a result, these organizations reduced capital reserves, limited potentially adverse events that could take a toll on stock price or asset management, achieved enhanced compliance assurance, and created more efficient and auditable processes that satisfy executives, managers, and stockholders alike. The Trillium Software DIG solution is currently available. Harte-Hanks is a worldwide direct and targeted marketing company that provides marketing services and shopper advertising opportunities to local, regional, national and international consumer and business-to-business marketers. Harte-Hanks Trillium Software enables organizations to achieve Total Data Quality by providing a full complement of technologies and services providing global data profiling, data cleansing, enhancement, and data linking for e-business, customer relationship management, enterprise resource planning, supply chain management, data warehouse, and other enterprise applications. 
|
|
|
||||||||||||
 | |||
| |||
| |||
|
© 2019 Simplex Knowledge Company. All Rights Reserved. | TERMS OF USE | PRIVACY POLICY |
