Data Governance Program-Financial Industry

Bluenet partnered with a Global Financial Services Client to identify the origin of Critical Data Assets and to certify as “Authoritative Source”.

Problem

  • Multiple systems claiming to be authoritative source
  • Defining an agreed contextual business model.
  • Numerous legacy systems with limited documentation.
  • Cultural evolution to new policy standards

Action

  • Identified the critical data assets and their origin.
  • Established a master data repository to certify as “Authoritative Source”
  • Defined ownership for critical data assets.
  • Defined data quality thresholds and implemented measurements for critical data assets .
  • Defined governance policies for ongoing maintenance of the “Authoritative Source”.
  • Established data lineage for all critical data assets.

KPI's

80%
Increased Data Ownership
48%
Increased Data Lineage
15%
Enhanced Risk & Regulatory Reporting