This article, by Tearsheet’s Rimal Farrukh, highlights data trends shaping financial services, such as data ownership.
Digital transformation, data personalization, and transparency are crucial for financial data ecosystems. Farrukh spoke to industry leaders – including our CEO Joe Gaska – to discuss trending issues in data aggregation, data processing, and sharing. Joe explains why financial organizations must require data ownership, control, and be capable of proving a chain of custody to minimize risk.
- Financial professionals have long been focused on reducing the number of people who could see and access their organization’s data.
- Presently, the focus is shifting to provide a much deeper level of visibility into every person who has accessed the data for traceability and auditability.
- Without auditability, insurance costs and underwriting will increase.
Read more in this Tearsheet article, Trends in financial data 2021.
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