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Providing a superior customer experience while securing data from security risks and regulatory non-compliance requires banks and financial institutions to develop a single, authoritative data repository.
Master data management (MDM) is a natural way to do this, given its ability to authenticate, consolidate, and maintain data across complex ecosystems.
So how can financial organizations start implementing MDM initiatives designed to improve customer data quality and unify their company under a single source of truth?
Continue reading to learn how you can use MDM, not as a silver bullet, but as a practical solution to real-world customer engagement problems.