CIT Group

Banks are Leveraging Data Virtualization to Enable Greater Agility in Responding to Customer NeedsThe banking industry is undergoing a massive transformation, driven by the need to provide advanced customer service. In a study of 107 global financial services decision makers, Forrester found that improving the customer experience was the top business requirement that drove the companies’ transformation needs, followed by the need to integrate channels and the need to provide innovative new products and services.Such a transformation is not trivial, as it affects the entire institution, on...

Enabled by Data Virtualization, Unified Semantic Layer Promise Greater Efficiency through Common Definitions.To enable all business users, regardless of technical acumen, to derive value from self-service analytics tools, companies need to be able to provide access to the data through a unified semantic layer, which ensures that no matter the data source, users can access the data using common definitions that are standard, within each particular business culture. However, companies are unable to establish unified semantic layer because of the age-old challenge: Data is spread across multiple...

Nagaraj Vijapurkar, CIT Group presents how businesses can move faster than their competitors with the right architecture

Governance, Risk Management and Compliance, (GRC) StreamlinedGovernance, risk management, and compliance (GRC) are three formidable topics in their own right, but they are addressed together because a lapse in one area can create an immediate lapse in the other two. When operating effectively, the three combined facets of GRC enable an organization to survive in a demanding regulatory environment, so that it has a chance to thrive. Conversely, if any of these facets are threatened in an organization, the organization will not be able to remain competitive for long. And although financial...

MDM implementations require substantial investments in not only time and money, but also in hardware, physical space, and resources. Unfortunately, many companies that have already made these investments are unable to unlock the full potential of their customer, product, supplier and other data, once mastered. This is not because of any strategic weakness of MDM, but because MDM systems can only focus on two core functions, but not those that focus on transactional data. Read this solution brief to learn how MDM combined with data virtualization can enable a complete view of the customer,...