Data governance transforms finance | The Manila Times

ENVISION a closet overflowing with various items, each once deemed indispensable. The challenge of decluttering and determining the fate of these items — whether to keep, discard, or donate — is a struggle for many people.

Similarly, data governance in banking is like organizing a closet. Bank executives frequently express frustration over scattered data and not knowing its source. In addition, there is the difficulty of ensuring reliability and safeguarding data privacy. This situation underscores the critical importance of robust data governance.