|
New research by TrustQuay and Viewpoint finds that three-quarters of corporate, trust and funds services providers do not trust their data.
In its latest Future Focus Report, TrustQuay and Viewpoint found data quality has now rocketed up the agenda to become the top business challenge facing firms, ahead of increasing efficiencies and reducing costs, and dealing with the regulatory burden. Two out of three firms surveyed say that improving data quality is a top priority for 2024. Worryingly, nearly half of firms say they are still relying on spreadsheets and manual processes to manage client information, with 74% of firms concerned about their ability to manage risk.
The survey found that firms scored the quality of their data at just 6 out...
|