Financial Services

Achieving Data Democratization in Financial Services (Part 4 of 4)

Over the last three blog posts, we discussed the importance of data democratization in financial services. Today, we want to share a few final words. To maximize the value of data resources, they must be discoverable by those who require the information. Once a needed data source is identified, it is best to have an […]

A Digital Environment Is Essential For Insurers to Gain Competitive Advantages (Part 1 of 5)

Insurance serves a noble purpose: to protect individuals & businesses and their property, liability, and financial obligations. At their roots, many of the large, well-known carriers today began by serving the distinctive needs of businesses and individuals who could not find coverage elsewhere. Rural residents paying city insurance rates, government employee affinities, and experiences tailored […]

Connecting Data Governance to an Enterprise Search Tool in Financial Services (Part 3 of 4)

In our last blog post, we shared a proven approach to architecting a metadata search solution. Today, we’ll share a few high-level details about a solution that Perficient built, which can allow all types of financial services companies to jump-start their data democratization programs. Perficient has developed a highly capable abstraction layer called Handshake, which […]

Architecting a Comprehensive Metadata Search Solution for Financial Institutions (Part 2 of 4)

In my last blog post, I introduced data democratization. Today, I’ll share an approach to architecting a metadata search solution that enables data democratization. There are a number of ways to craft a comprehensive guided search of a firm’s data catalog and governance metadata repositories, each with its own cost/benefit profiles. For example, creating a […]

Federal Reserve Releases Bank’s Annual CCAR Stress Test Results

The Federal Reserve released in late June the results of its annual bank stress tests. The Fed’s Comprehensive Capital Analysis and Review (“CCAR”) stress tests are designed to ensure that large banks can lend to households and businesses even in a severe recession. The annual exercise evaluates large banks’ resilience by estimating their loan losses, […]

OCC Releases CRA Evaluations for 16 National Banks and Federal Savings Associations

The Office of the Comptroller of the Currency (OCC) has released 16 Community Reinvestment Act (CRA) performance evaluations.  These evaluations are based on on-site examinations by OCC-trained staff. On-site examinations are done every other year.  The reviews, which can take weeks for small banks and months for large banks, assess an institution’s performance in helping […]

Federal Reserve Extends Paycheck Protection Program Liquidity Facility to July 30, 2021

While many people are returning to the office after their July 4th festivities carrying on as usual, bankers can return knowing that the Federal Reserve Board has extended the Paycheck Protection Program Liquidity Facility until July 30th. The Paycheck Protection Program Liquidity Facility, or PPPLF, extends term credit to financial institutions making Paycheck Protection Program […]

Data Democratization in Financial Services (Part 1 of 4)

In my 30-plus years of leading and supporting data programs for major financial brands, data democratization has gone from wish lists to a must-have. Over the next few blog posts, I will discuss the concept of data democratization and why it’s critical for financial institutions, from banks to insurance companies, to embrace it. Data is […]

Digital Account Openings

A Data Governance Maturity Model for Financial Services (Part 4 of 4)

In my last blog post, I shared what a 360-degree view of data means when centered around data lineage principles. Today, in my final blog post of this data lineage series, I’ll discuss how Perficient’s Data Governance Maturity Model can help enhance your data programs. Given the power of data lineage to augment and enforce […]

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A Data Lineage-Driven 360-Degree View of Data in Financial Services (Part 3 of 4)

In my last blog post, I shared what an automated data lineage solution can look like when it’s implemented. Today, I’ll discuss what a 360-degree view of data means when it’s centered around data lineage principles. In order to maximize the benefits of creating a cohesive, integrated set of governance tools, a firm should consider […]

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What Does An Automated Data Lineage Solution in Financial Services Look Like? (Part 2 of 4)

In my last blog post, I introduced data lineage. Today, I’ll share what an automated data lineage solution can look like when it’s implemented. In order to reap the benefits obtained from integrating data lineage into the fabric of an overarching data governance program, each of the respective governance tools must be implemented, configured, and […]

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The Value of Data Lineage in Financial Services (Part 1 of 4)

Over the next few blog posts, I will share how you can supercharge your firm’s data governance programs by leveraging data lineage capabilities. The information I will share with you is based on many years of experience leading and supporting large data governance initiatives in financial institutions. Whether you’re in commercial, retail, or investment banking, […]

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