Introduction
A global investment firm operating in multiple jurisdictions faced mounting regulatory pressures and data inconsistencies across its various departments. With fragmented data governance policies, the firm struggled to ensure compliance with financial regulations and maintain data integrity. Disparate data sources and lack of transparency led to reporting errors and inefficiencies.
Challenge
A global investment firm struggled with fragmented data governance policies, leading to compliance risks and inconsistent reporting. Regulators required strict adherence to data privacy and security standards, making it difficult to ensure compliance across multiple jurisdictions and data sources.
Solution
Established a centralized data governance framework with automated metadata management, role-based access controls, and compliance monitoring. A robust data catalog and lineage tracking were implemented to improve data transparency. Implemented data stewardship roles and workflows to enforce data policies effectively.
Outcome
Achieved full regulatory compliance, reduced data duplication by 40%, enhanced data accuracy, and improved trust in data-driven decision-making. Enabled seamless audits and streamlined regulatory reporting, reducing compliance overhead.