by Angela Guess
ForwardThink Group, a fast-growing IT consultancy firm in New York has “created a master data management (MDM) offering for customers in the financial services space. The company, which works with some of the world’s largest financial institutions, has developed this program in response to increased demand from the industry, which is currently faced with a multitude of challenges around client relationships, reporting, and risk exposure.”
David Wiesel of ForwardThink stated, “The status quo at many financial services institutions involves a lack of transparency into the customer relationship. For example, an individual might have a checking account and a brokerage with the same bank, but that bank may look at these as two separate customers – instead of taking a more holistic view… Master data management helps to fix this problem, resulting in a host of benefits that can drive real improvements to the bottom line.”
photo credit: ForwardThink
