Master Data Management ensures that a bank does not use multiple versions of the same master data in different parts of its operations.
A consistent and enterprise centric view on master data is vital for any organisation in order to obtain flexibility and to adapt to changes in market, organisation and regulative requirements. It is crucial for good and speedy customer service, sales, CRM and BI.
For a financial institution the following master data areas are particularly important to manage; Customer information, Products, Organisation, Agreements and Pricing.
EVRY’s Master Data Management meets the challenges and complexity in
the banking industry and includes the following services: