The client data management (CDM) solution allows financial institutions to consolidate their client data, which may be located in multiple systems and data centers around the world, to be centrally managed, stored, cleansed, normalized, governed, validated, analyzed and distributed to enable the globally integrated enterprise by creating a single view of client data while protecting customers’ privacy. The master copy of client data can then be shared across all client-related applications.
The CDM solution is designed to address this challenge to support compliance, improve operational efficiency and provide a single view of client data, which has the potential to save financial institutions hundreds of millions of dollars per year. The CDM solution can also provide a platform for major revenue growth initiatives, such as opportunities for improved cross selling, target marketing, enhanced customer service, and developing new and more personalized products and services, all of which require timelier, consolidated customer data management capabilities.
