Data Governance in FIs: Root Cause Analysis

This series focuses on Data Governance in Financial Institutions. Our first post introduced the fundamentals of Data Governance. This discussion centers on how to find root causes of problems in organizations and recommend actions to solve them.  When analyzing deep...

Avoiding Discrimination in Unstructured Data

An article published by the Wall Street Journal on Jan. 30, 2019  got me thinking about the challenges of using unstructured data in modeling. The article discusses how New York’s Department of Financial Services is allowing life insurers to use social media, as well...

Data as a Service (DaaS) – The Benefits

Let’s start with a succinct summary of the benefits of DaaS. Data as a Service (DaaS) is one way to consistently deliver and effectively manage data from multiple sources across the firm, both internal and external. It can be used as one “logical” and centralized,...