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Data & Analytics

Implementing data management and governance frameworks, performing complex largescale data and system migrations, and facilitating the effective visualisation and presentation of data.

Ultimately, the state of a bank’s or insurer’s data will enhance or limit the performance of the firm. Well-managed, quality data is a strategic asset and the enabler for key capabilities such as single customer view, customer value management, reliable reporting, advanced analytics, the deployment of new technology such as AI, and general operational efficiency. However, large technical debt is causing many financial services firms to forgo these capabilities that ultimately enable their data to support business decision-making.

At Monocle we partner with our clients in developing curated, strategic data assets and capturing deeper insights from their data. This is done across a range of projects, such as system and database migration, system integration and decommissioning, key data and data office strategy execution, operating model optimisation, data quality and data lineage enhancement, and dashboarding and visualisation, as well as various business intelligence implementations, including self-service BI frameworks enablement.

 

A key theme that underpins all our data and analytics projects is assisting our clients with defining and embedding data management and governance disciplines within their operations, following best practice principles and regulatory compliance with BCBS 239 – Effective Risk Data Aggregation and Risk Reporting.

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