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The Benefits of Data Management for Banks

Author(s): Galina Sabkova
Subject(s): Economy, Business Economy / Management, Financial Markets, ICT Information and Communications Technologies
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: digitalization; banking sector; data management; data management model
Summary/Abstract: To address digital dividends and improve data governance, banks must apply data management. In turn, this development will enable them to ensure compliance with regulatory regimes and standards, widespread digital technologies across their clients and mitigate the risks. Going forward in terms of digitalization of the banking sector remains a major challenge due to the complexity of the topic and requires a holistic approach.

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