White Paper

Data Management Trends in Financial Services: Navigating Opportunities and Challenges

Data Management Trends in Financial Services: Navigating Opportunities and Challenges

Pages 15 Pages

This whitepaper by Hexaware Technologies focuses on data management trends in the financial services sector, highlighting the critical role of efficiently managing vast and diverse data for success and regulatory compliance. It discusses the digital revolution's impact, emphasizing AI, ML, blockchain, and cloud computing's importance in driving innovation, risk management, and customer insights. Challenges include integrating legacy systems, ensuring data security, and meeting regulatory demands. The document outlines best practices like fostering a data-centric culture, leveraging analytics, and implementing robust data governance.

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