Our client, a top five investment bank, required a reference data system to provide real-time control of data quality across all its legacy master databases. The bank approached PaceMetrics to provide a solution to its data governance problems, to enforce rules-based data policies over 13 million entities.
Key concerns for the client included:
- Data quality: The bank needed visibility on data quality from external authoritative sources, so that exceptions could be repaired before bad data reached downstream users
- Turnaround time: Data repairs had to be made more quickly and easily than under the existing process which could only be carried out by experienced database administrators
- No interruptions: The bank wanted a system which would not interfere with the current master database since the many (100+) existing consuming systems could not afford any disruption
- Self-sufficiency: The data management team required the ability to manage the data quality management system themselves.