Uncover the Power of Data Governance + Certification
Case Study: Strengthening Data Governance for a Leading Financial Institution
Overview:
A top-tier regional bank faced challenges in managing data consistency, compliance, and governance across its multiple business units. With increasing regulatory scrutiny and the need for reliable data-driven decision-making, the firm sought a robust Data Governance and Regulatory Reporting Framework to enhance data quality, security, and compliance.
Challenges:
-
– Inconsistent data policies and standards across lines of business
-
– Regulatory compliance risks (e.g. CFPB, FFEIC, OCC HS)
-
– Lack of a centralized data governance framework
-
– Data silos leading to inefficiencies and reporting inaccuracies Datalogiq partnered with the client to implement the Data Governance Blueprint and Certification Framework, focusing on
-
-
Our Approach: Datalogiq partnered with the client to implement the Data Governance Blueprint and Certification Framework, focusing on:
-
-
1. Data Governance Framework Development – Established policies, processes, and governance models aligned with industry best practices.
-
2. Data Quality & Standardization – Implemented automated data validation and cleansing processes to improve accuracy and consistency.
-
3. Certification and Regulatory Compliance Alignment – Ensured data handling adhered to financial regulations, reducing compliance risks.
-
4. Data Stewardship & Ownership – Defined clear roles and responsibilities for data stewardship across business units.
-
5. Technology Enablement – Integrated governance tools to automate monitoring, lineage tracking, and access control.
-
-
-
Results:
-
– 30% improvement in data quality scores across critical financial datasets
-
– Enhanced regulatory compliance, reducing audit risks by 40%
-
– Eliminated data silos, improving cross-functional data sharing and reporting efficiency
-
– Established a scalable governance model, ensuring long-term sustainability and adaptability to evolving regulations
-
With a structured Data Governance and Certification Framework, the financial institution achieved greater data transparency, compliance, and operational efficiency. This transformation empowered leadership with trusted, high-quality data, enabling better decision-making and business growth.