The FCA has recently established Operational Resilience as a key requirement of financial services firms and while it has always been true that the most successful organisations can show resilience in challenging times, it is now an area of focus for regulators.
For financial services firms, obstacles can arise from internal factors such as expansion and restructuring, to external factors such as regulatory pressure, Covid-19 and economic downturns. In order for firms to be be able to adapt and thrive operationally the appropriate strategies need to be in place in terms of data management, governance, risk management and compliance.
This paper explores how data integrity is of paramount importance to successful, resilient firms and examines how automating your data management processes can help reduce costs and eliminate the potential for human error.
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