6th October 2021

Data Management in Banking

The banks we place our money into retain significant amounts of data about us, whether that be personal contact information or data such as balance sheets, ledgers, or documentation of transactions, loans and investments.

Effective data management in banking is paramount in protecting your information, to avoid data leaks and maintain customer privacy. When handling confidential client information, there are various safety measures and precautions that banks take to ensure it remains secure. First of all, data management involves a structured process of collecting the data, ensuring each client’s information is efficiently processed and organised. The storage of data is paramount in maintaining successful data management ...
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