February 11, 2025

Unlocking Smarter Finance with Real-Time Data Insights
In today’s fast-paced and highly competitive financial landscape, building data strategies in financial services is a pivotal asset. Data is the lifeblood of informed decision-making, but many financial service institutions are drowning in a sea of data quality issues, legacy systems, and siloed departments. A report highlights that 66% of investment banks struggle with data quality and integrity, and 83% of these banks do not have access to real-time data analytics. These challenges impede informed decision-making and can compromise regulatory compliance, highlighting a critical need: building data strategies in financial services that address current challenges and unlock the power of real-time insights.

 

Building Blocks of an Effective Data Strategy

Success in Action: Enhancing Digital Banking through Data Modernization

A leading bank in the Philippines faced high data latency and fragmented access, hindering its digital services. The bank collaborated with Stratpoint’s data and Cloud engineers to modernize its infrastructure and set up the baseline infrastructure for a robust data platform. The results were transformative, including reduced latency from 12 seconds to 1.7 seconds, centralized data management, improved scalability, and real-time data access. This enabled the bank to offer enhanced digital banking services and improve customer satisfaction.

Embracing Financial Data Management Transformation

Financial services institutions that aim to remain competitive must modernize their data strategies. Organizations can unlock real-time insights and make smart decisions by investing in advanced platforms, establishing stringent governance, and nurturing a data-centric culture.

Partnering with Stratpoint can help you smoothly navigate data complexities and access actionable insights for more strategic business decisions that will enhance customer experiences and operational efficiency. We guide you through your entire data journey, from addressing silos to maximizing your data’s full potential.

Leaders in the finance industry should consider assessing their current data strategies and identify areas for improvement. To explore how your financial firm can achieve these transformations, fill out the form below to schedule a discovery call with our #StratpointData experts.

Related Blogs

Embarking on the Data Journey

Embarking on the Data Journey

Data is the backbone of business decisions, but many organizations need help to unlock their full potential, with their data journey riddled with obstacles. Learn how Stratpoint can help your business overcome these challenges with expert solutions.

2024: Future of Data

2024: Future of Data

Harness real-time processing, AI predictions, and privacy-first strategies to craft personalized experiences.