Unlocking Smarter Finance with Real-Time Data Insights

In today’s fast-paced and highly competitive financial landscape, building data strategies in financial services is a pivotal asset. However, many financial service institutions are drowning in a sea of data quality issues, legacy systems, and siloed departments. A report highlights that 66% of investment banks struggle with data quality and integrity, and 83% of these banks do not have access to real-time data analytics. This highlights a critical need: building data strategies in financial services that unlock the power of real-time insights.

Building Blocks of an Effective Data Strategy

Success in Action: Enhancing Digital Banking through Data Modernization

A leading bank in the Philippines faced high data latency and fragmented access, hindering its digital services. The bank collaborated with Stratpoint’s data and Cloud engineers to modernize its infrastructure and set up the baseline infrastructure for a robust data platform.?

The results were transformative, including reduced latency from 12 seconds to 1.7 seconds, centralized data management, improved scalability, and real-time data access. This enabled the bank to offer enhanced digital banking services and improve customer satisfaction.

Read the full blog to learn more about how your financial firm can achieve effective data management transformation.