Regulatory Reporting Capabilities Improved with Data Quality Remediation

Share Via

Summary

Sagence’s data quality remediation services enabled a brokerage to eliminate data quality issues including inaccurate and incomplete client reference data and improve operational use and regulatory reporting.

Challenge

As new operational and regulatory requirements emerged, significant data quality risks were exposed in a multi-national full service brokerage’s client onboarding process.  A new client data reference system was developed to replace an older system with multiple data entry points and regional data silos. A baseline understanding of data quality in the new system had not been established and confidence in the client reference data and its accuracy for operational use and regulatory reporting was very low.

Solution

Sagence profiled, characterized, and measured the data in the new client data reference system by incorporating data measurement and data quality techniques. We uncovered and quantified significant data quality issues and
provided concrete examples for remediation.

Results

Sagence’s data profiling and analysis techniques exposed data quality issues that were not apparent using basic data analysis. All of the findings were quantified, incorporated multiple quality dimensions, and allowed our client to prioritize and tackle data issues in manageable parts. Sagence proposed a solution to address not only current issues, but future regulatory and operational requirements as well.

Share Via

Sign up to receive our latest insights:

Please enter a valid email address.
Something went wrong. Please check your entries and try again.

We value your privacy and will never sell your personal information.

Sagence is a management consulting firm advising clients in information-intensive industries. We specialize in data management and analytics and in the acquisition, evaluation, and development of critical data assets. Contact us today to learn how we can help you leverage your data as an asset.