Financial institutions are finding themselves in a double bind, no-win situation. In a market that is constantly evolving and growing, a bank’s ability to regenerate is key. To generate alpha, banks need to come up with new instruments, be more innovative, more flexible and able to establish quickly where that flexibility and innovation should be channelled.
At the same time, global trends towards cost cutting and efficiency have increased the risks involved in dealing with trading partners, generating compliance issues. Banks need to remain competitive in a market that is becoming increasingly complex and restrictive. It is a causality dilemma, and data integration is at the heart of it.
