We have assisted our Financial Services clients with business challenges requiring data solutions across a variety of domains including client, product, market, transaction and reference data.
Security and Privacy
Financial services firms experience cyber-attacks much more than other businesses. Each data breach can cost financial services firms millions of dollars. Simultaneously, additional privacy regulations, such as CCPA, are being enforced.
Aggregating and consolidating data to meet regulatory mandates like Dodd-Frank, Basel III, BCBS 239, EMIR, MiFID and AML continues to be one of the top challenges in financial services. Sagence is working with leading investment banks, asset managers, ratings agencies and trusts to ensure they are meeting regulatory target dates.
Managing Big Data
As data volumes continue to increase, financial services firms need to effectively acquire, manage and distribute relevant data. We've helped our clients architect solutions and implement tools for managing both structured and unstructured data.
Financial services firms are investing in robotics, A/I, workflow automation and natural language processing (NLP) to stay competitive with newer firms that were "born digital". Sagence has assisted financial services firms with leveraging NLP for document and contract management.
Customers expect flexible, personalized service from their financial institutions 24x7 and are available on their mobile devices. Incumbents are facing competition from Fin-Techs who are well positioned to deliver. Sagence is working with major banks and insurance companies to develop operating models to remain competitive.
Client Success Stories
Sagence stood-up a data governance program that helped an insurance company advance their analytical capabilities, simplify workflows and improve reporting reliability.
A premier financial utility firm, experienced data challenges after substantial growth through mergers and acquisitions
Sagence provided an integrated solution to capture key information from unstructured data that dramatically increased quality, reduced risk, and reduced the manual effort and associated cost by approximately 60%.
Sagence’s expertise in customer relationship management (CRM) assisted a central bank branch developing a framework for managing constituent relationships
A global investment bank, private bank, and an asset management group, needed a proactive data driven solution to manage tax compliance for counter parties
Sagence’s deep experience in financial regulatory compliance helped a multi-national futures clearing merchant (FCM) better understand client risk exposure and ensure compliance with CFTC 1.73.
Sagence conducted a data governance assessment for a wealth management firm, resulting in the development of an adaptive data governance organization that provided tangible benefits to the business
Sagence’s experience in regulatory compliance assisted an investment bank in designing, developing and managing initiatives to ensure BCBS 239 compliance
A European-based multinational investment firm, requested Sagence’s help to manage changes to reference data systems that required re-classification of pre-existing accounts and a new counterparty onboarding process.