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Data Integrity for
Banking & Financial
Services
How do we manage a data-everywhere
situation?
Housekeeping
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Agenda
Welcome & Introduction
to Precisely
Panel Discussion with
Banking Industry Experts
Data Integrity for Financial
Services & Banking
Deepak Malik
Senior Sales Director
ASEAN, India & Greater China | Precisely
Jas Shintré
Head of Technology - Digital Marketing & Client
Engagement
Standard Chartered Bank
Tarun Aswal
Chief Data Officer
IDBI Bank
Deepak Malik (moderator)
Senior Sales Director - ASEAN, India & Greater China
Precisely
Melvin Cheong
Sales Engineer | Precisely
Today’s Speakers
Deepak Malik
Senior Sales Director
ASEAN, India & Greater China
Precisely
Jas Shintré
Head of Technology – Digital
Marketing & Client Engagement
Standard Chartered Bank
Tarun Aswal
Chief Data Officer
IDBI Bank
Melvin Cheong
Sales Engineer – Asia Pacific
Precisely
The global leader in data integrity
Trust your data. Build your possibilities.
Our data integrity software and data enrichment products
deliver accuracy and consistency to power confident
business decisions.
of the Fortune 100
99
Customers in more than
100
2,000
employees
customers
12,000
countries
Brands you trust, trust us
Data leaders partner with us
The Data Integrity Approach
Modernize your
infrastructure for the
cloud, eliminate data
siloes, and automate
business processes
Build data governance
and quality into your
data-centric processes
to ensure accuracy
and consistency
Leverage the location
information inherent in
your data for more
sophisticated analytics
and actionable insights
Complement your core
business data with
expertly curated datasets
to add critical context
and increase value
Create seamless,
personalized
and omnichannel
communications
on any medium, anytime
Integrate Verify Locate Enrich Engage
Top priorities for data integrity
Snapshot from “2023 Data Integrity Trends & Insights Report” June 2023
QUESTION:
What are your organization’s top priorities for improving
data integrity in 2023?
52.7%
49.6%
45.0%
40.7%
27.9%
22.5%
14.0%
13.2%
5.0%
Data quality
Data integration
Data security and privacy
Data governance
Data observability
Data enrichment
Address verification and enrichment
Spatial analytics
Other (please specify)
#1 focus area in 2023 is
improving data quality,
followed closely by
data integration.
With 77% of organizations
reporting reliance on
location for decision-making,
spatial analytics and data
enrichment are poised for
increased focus.
Banking Industry Panel
Deepak Malik
Senior Sales Director – ASEAN,
India & Greater China
Precisely
Jas Shintré
Head of Technology – Digital
Marketing & Client Engagement
Standard Chartered Bank
Tarun Aswal
Chief Data Officer
IDBI Bank
What are the biggest
changes you’ve seen in the
banking industry in the last
few years that have
influenced the increasing
need for data governance?
What would you say are
the 3 biggest data
challenges that banks are
currently dealing with?
How do you see the
industry changing in the
next 5 years or so?
Data Integrity for Financial
Services & Banking
Melvin Cheong
Sales Engineer – Asia Pacific
Precisely
Gen-Z Finance
E-Wallets Buy Now,
Pay Later
Digital Banks
Insurtech
New Frontiers in the Finance Industry
Savings &
Investment
Apps
Opportunity Frontiers
Data
Governance
Data
Transaction
Exponentially
Increases
PII Data via
eKYC Process
Data Quality + Data Governance
KEY FINDING*
Improving data quality is the leading benefit organizations
receive from their data governance programs, an added
value that contributes to a range of critical business benefits.
Improved data quality is the
leading benefit derived from
data governance programs.
How has your data governance
program added value to the
organization?
(n=449)
66%
Improved data quality
56%
Higher quality of data analytics and insights
52%
Facilitated collaboration
50%
Faster access to relevant data
49%
Increased regulatory compliance
* Data Professionals Speak: Trends in Data Governance & Data Quality, 2021
Challenges
Stemming From
Data-Everywhere
Situations Persisting a lot of data without
masking or encryption
Lack of management around
domain visibility for insights and
quality management
Expansion of systems and app
development without clear and
concise architecture of workable
data model
Transaction of data explodes due to
convenience
Enabling Single View of
Data
Critical Processes
Standards
Policies
Reports
Business Services
Systems
APIs Events
Enterprise Enablement
DQ Scores
DG Scores
Rules
Responsibilities
Operating
Models
Business Glossary
Data Dictionary (CDEs)
Goals
Objectives
Metrics
Critical Data
Elements
Annual Report
ESG Reports
Corporate
Objectives
Optimizing Operational
Value
Sales
Get trusted data
to the systems that
power your business
DataOps
CHALLENGE
Delivering Operational SaaS Value
• Incomplete, incorrect, or missing data
led to slow and inconsistent delivery of
products. Insufficient sales results due to
unfocused marketing efforts or focus in
the wrong areas.
• Increased customer churn due to
incorrect information or slow response
SOLUTION
Cost effective SaaS offering enabled this
P2P payments company to support 20K
calls daily.
BUSINESS VALUE
• Create new and optimized revenue
streams with more accurate market
analysis
• Increased customer satisfaction/reduce
churn
Customer Case Study:
Payments & Money
Transfer Organization
21
Serving over 150 million customers with
cross-border person to person
payments
Benefits of
an evolved
approach
Optimized business decisions
Accelerated time to value
Clear alignment around strategic
direction and execution
Improved engagement of top talent
on strategic and innovative initiatives
LOCATION
MASTER DATA
MANAGEMENT
GOVERNANCE
& QUALITY
ENRICHMENT INTEGRATION
Your unique data
integrity journey
will reflect your
business
needs
Data
Integrity
Data integrity
is a journey
• Every journey to data integrity is unique and
driven by business initiatives
• Market trends are accelerating the need for
data integrity
• Precisely can help you at every step of your
data integrity journey
Cloud / VPC / On-Premises
Data
Integration
Data
Observability
Data
Quality
Geo
Addressing
Spatial
Analytics
Data
Governance
Data
Enrichment
APIs and SDKs
Enterprise Business
Systems
• Enterprise apps
• Analytics tools
• Precisely industry
apps
• BI dashboards
• AI/ML
Enterprise Data
Sources
• Business Intelligence
• CRM
• Workforce mgmt.
• Data warehouse
• ERP
• Billing
Data Integrity Services
Data Integrity Foundation Data catalog Intelligence Agents
Key
Takeaways
Data Quality is a major concern in
companies
Explosion in data volume does not
improve data quality
An evolved approach leads to better
data quality and subsequently top
notch data governance
Questions?

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Data Integrity for Banking and Financial Services

  • 1. Data Integrity for Banking & Financial Services How do we manage a data-everywhere situation?
  • 2. Housekeeping Webinar Audio • Today’s webinar audio is streamed through your computer speakers and audio lines are muted. • If you need technical assistance with the web interface or audio, please reach out to us using the Q&A box. Questions Welcome • Submit your questions at any time using the Q&A box. If we don't get to your question, we will follow-up via email. Webinar Platform • Chrome, Firefox, and Edge are supported - Chrome is preferred. • If you have issues, try refreshing your browser window. • You can resize and move the different webinar panels. Recording and slides • This webinar is being recorded. You will receive an email following the webinar with a link to the recording and slides.
  • 3. Agenda Welcome & Introduction to Precisely Panel Discussion with Banking Industry Experts Data Integrity for Financial Services & Banking Deepak Malik Senior Sales Director ASEAN, India & Greater China | Precisely Jas Shintré Head of Technology - Digital Marketing & Client Engagement Standard Chartered Bank Tarun Aswal Chief Data Officer IDBI Bank Deepak Malik (moderator) Senior Sales Director - ASEAN, India & Greater China Precisely Melvin Cheong Sales Engineer | Precisely
  • 4. Today’s Speakers Deepak Malik Senior Sales Director ASEAN, India & Greater China Precisely Jas Shintré Head of Technology – Digital Marketing & Client Engagement Standard Chartered Bank Tarun Aswal Chief Data Officer IDBI Bank Melvin Cheong Sales Engineer – Asia Pacific Precisely
  • 5. The global leader in data integrity Trust your data. Build your possibilities. Our data integrity software and data enrichment products deliver accuracy and consistency to power confident business decisions. of the Fortune 100 99 Customers in more than 100 2,000 employees customers 12,000 countries Brands you trust, trust us Data leaders partner with us
  • 6. The Data Integrity Approach Modernize your infrastructure for the cloud, eliminate data siloes, and automate business processes Build data governance and quality into your data-centric processes to ensure accuracy and consistency Leverage the location information inherent in your data for more sophisticated analytics and actionable insights Complement your core business data with expertly curated datasets to add critical context and increase value Create seamless, personalized and omnichannel communications on any medium, anytime Integrate Verify Locate Enrich Engage
  • 7. Top priorities for data integrity Snapshot from “2023 Data Integrity Trends & Insights Report” June 2023 QUESTION: What are your organization’s top priorities for improving data integrity in 2023? 52.7% 49.6% 45.0% 40.7% 27.9% 22.5% 14.0% 13.2% 5.0% Data quality Data integration Data security and privacy Data governance Data observability Data enrichment Address verification and enrichment Spatial analytics Other (please specify) #1 focus area in 2023 is improving data quality, followed closely by data integration. With 77% of organizations reporting reliance on location for decision-making, spatial analytics and data enrichment are poised for increased focus.
  • 8. Banking Industry Panel Deepak Malik Senior Sales Director – ASEAN, India & Greater China Precisely Jas Shintré Head of Technology – Digital Marketing & Client Engagement Standard Chartered Bank Tarun Aswal Chief Data Officer IDBI Bank
  • 9. What are the biggest changes you’ve seen in the banking industry in the last few years that have influenced the increasing need for data governance?
  • 10. What would you say are the 3 biggest data challenges that banks are currently dealing with?
  • 11. How do you see the industry changing in the next 5 years or so?
  • 12. Data Integrity for Financial Services & Banking Melvin Cheong Sales Engineer – Asia Pacific Precisely
  • 13. Gen-Z Finance E-Wallets Buy Now, Pay Later Digital Banks Insurtech New Frontiers in the Finance Industry Savings & Investment Apps
  • 15. Data Quality + Data Governance KEY FINDING* Improving data quality is the leading benefit organizations receive from their data governance programs, an added value that contributes to a range of critical business benefits. Improved data quality is the leading benefit derived from data governance programs. How has your data governance program added value to the organization? (n=449) 66% Improved data quality 56% Higher quality of data analytics and insights 52% Facilitated collaboration 50% Faster access to relevant data 49% Increased regulatory compliance * Data Professionals Speak: Trends in Data Governance & Data Quality, 2021
  • 16. Challenges Stemming From Data-Everywhere Situations Persisting a lot of data without masking or encryption Lack of management around domain visibility for insights and quality management Expansion of systems and app development without clear and concise architecture of workable data model Transaction of data explodes due to convenience
  • 18. Critical Processes Standards Policies Reports Business Services Systems APIs Events Enterprise Enablement DQ Scores DG Scores Rules Responsibilities Operating Models Business Glossary Data Dictionary (CDEs) Goals Objectives Metrics Critical Data Elements Annual Report ESG Reports Corporate Objectives
  • 20. Sales Get trusted data to the systems that power your business DataOps
  • 21. CHALLENGE Delivering Operational SaaS Value • Incomplete, incorrect, or missing data led to slow and inconsistent delivery of products. Insufficient sales results due to unfocused marketing efforts or focus in the wrong areas. • Increased customer churn due to incorrect information or slow response SOLUTION Cost effective SaaS offering enabled this P2P payments company to support 20K calls daily. BUSINESS VALUE • Create new and optimized revenue streams with more accurate market analysis • Increased customer satisfaction/reduce churn Customer Case Study: Payments & Money Transfer Organization 21 Serving over 150 million customers with cross-border person to person payments
  • 22. Benefits of an evolved approach Optimized business decisions Accelerated time to value Clear alignment around strategic direction and execution Improved engagement of top talent on strategic and innovative initiatives
  • 23. LOCATION MASTER DATA MANAGEMENT GOVERNANCE & QUALITY ENRICHMENT INTEGRATION Your unique data integrity journey will reflect your business needs Data Integrity Data integrity is a journey • Every journey to data integrity is unique and driven by business initiatives • Market trends are accelerating the need for data integrity • Precisely can help you at every step of your data integrity journey
  • 24. Cloud / VPC / On-Premises Data Integration Data Observability Data Quality Geo Addressing Spatial Analytics Data Governance Data Enrichment APIs and SDKs Enterprise Business Systems • Enterprise apps • Analytics tools • Precisely industry apps • BI dashboards • AI/ML Enterprise Data Sources • Business Intelligence • CRM • Workforce mgmt. • Data warehouse • ERP • Billing Data Integrity Services Data Integrity Foundation Data catalog Intelligence Agents
  • 25. Key Takeaways Data Quality is a major concern in companies Explosion in data volume does not improve data quality An evolved approach leads to better data quality and subsequently top notch data governance