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DATA COMPLIANCE READINESS

Banking

Data capture & ML consulting services to map out the way to a custom

A South African-based financial services group, offering personal and business banking, credit cards, corporate and investment banking, wealth and investment management, as well as bancassurance since past 30 years.

They were facing performance challenges, due to large chuck of unused data & Data compliance management.

Processing System

Must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born will give you a complete account of the system pain can procure.

  • Step 01
  • Step 02
  • Step 03
  • Step 04

Step1: Define the problem:

Differentiate fact from opinion.
Specify underlying causes.
Consult each faction involved for information.
State the problem specifically.
Identify what standard or expectation is violated.
Determine in which process the problem lies.
Avoid trying to solve the problem without data.

Step2: Generate solutions:

Postpone evaluating alternatives initially
Include all involved individuals in the generating of alternatives
Specify alternatives consistent with organizational goals
Specify short- and long-term alternatives
Brainstorm on others’ ideas
Seek alternatives that may solve the problem.

Step3: Evaluate:

Evaluate alternative relative to a target standard
Evaluate all alternatives without bias
Evaluate alternatives relative to established goals
Evaluate both proven and possible outcomes
State the selected alternative explicitly.

Step4: Implement:

Plan and implement a pilot test of the chosen alternative
Gather feedback from all affected parties
Seek acceptance or consensus by all those affected
Establish ongoing measures and monitoring
Evaluate long-term results based on a final solution.

Our Approach

DataGridz was able to help improve on their overall systems performance by building the right set of process covering technology deployment and management. Best practices were defined to successfully cater towards building the appropriate secured approach.
The bank was able to successfully sail through their DR governance process, through the new improved approach implemented by DataGridz, reducing all performance bottlenecks