The goal of any data quality program is to improve quality of data at the source. Once a financial institution’s data lineage capabilities are in place, a key starting point for data quality initiatives is the confirmation of critical data attributes for each major business line and functional area. The data quality program should define […]
Posts Tagged ‘remediation’
5-Phase Approach To Sales Practices Compliance For Banks
Adjusting to the new regulatory environment Recent problems with bank employees opening unauthorized accounts for consumers have focused the regulatory spotlight on sales practices in the industry. The fallout from sales practices problems has been spectacular and well-publicized: Hundreds of millions of dollars in fines and legal costs Destruction of shareholder value Brand and reputational […]
Software Remediation Excellence
Overview The purpose of this post is to provide a strategy for approaching and resolving a “concern” that has been identified within a application. Overall, the idea is to “add structure” to the process of responding to defects (remediation) in your application. Steps to Remediation Using a resolution methodology referred to as CERT, the steps […]