Date Added: Apr 2009
Banks, investment firms, insurance companies, and other financial services institutions today face fierce competition, mounting regulatory requirements, and an industry rife with complexity. Financial institutions are right at the heart of the information economy. These companies business leaders and technology innovators know that improving the management, integration, and delivery of information will help the firm innovate and excel in client service, reduce risk, comply with new regulations and standards, deliver new products faster, streamline operations, and execute more targeted marketing strategies such as cross-selling and up-selling. Numerous obstacles can hinder companies that pursue these goals - brittle legacy systems, stringent security requirements, incompatible data formats and semantics, and organizational silos.