Fifth Third Bank centralises data management with Ataccama
Fifth Third Bank has partnered with Ataccama, a recognised leader in data quality solutions to scale its data management initiatives across the organisation to leverage data as a strategic asset to unlock growth and innovation.
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The collaboration has driven significant value for Fifth Third Bank, using Ataccama’s platform to facilitate stronger partnerships across multiple domains and business lines, aligning data management initiatives with broader business objectives.
Data quality is increasingly rising on the agenda of financial institutions, with the average annual financial cost of poor data being around $15 million.
90 per cent of enterprise analytics and business leaders say that data and analytics are critical to driving digital transformation initiatives.
Using Ataccama’s platforms, Fifth Third Bank is able to provide valuable insights into data quality performance, empowering the bank to proactively address issues and continuously improve its data processes.
The centralised platform enables the consistent definition and application of data quality, ensuring that standards are upheld across the organisation.
Fifth Third Bank’s partnership with Ataccama underscores the critical role of strong data management in driving organizational success.