Addressing Data Management Challenges: A Guide for FIs
Data management is a critical aspect of financial institutions (FIs) as it involves the collection, storage, processing, and analysis of vast amounts of data. However, FIs face several challenges in managing their data effectively. These challenges include data security, data quality, data integration, and data governance. In this article, we will discuss these challenges and provide a guide for FIs to address them.Data SecurityData security is a significant concern for FIs as they deal with sensitive financial information. Cyber-attacks and data breaches can result in significant financial losses and damage