Financial Data Management
Lead with Data Intelligence
Financial Services is evolving fast. Data intelligence helps leading firms stay competitive with unified data management and a strong data-driven culture.
Alation for financial services
Alation gives every data consumer visibility into trusted data. Empower everyone in financial services to find answers on demand, make smarter decisions, and improve regulatory compliance.
Data governance trends for financial services
Deliver personalized experiences
With customer data siloed in departments, many firms and agencies struggle to deliver custom products and high-quality customer service. Alation offers a 360-degree view of your data to create tailored experiences. Not to mention governance to ensure data privacy and compliance for financial information.
Meet regulatory demands
Fragmented governance plus growing regulation and compliance demands increase the need for risk management. Alation gives visibility into where sensitive data is managed and improves compliance processes. It also ensures active data governance to aid ongoing regulatory reporting.
Simplify CPS 230 & CPG 235 Compliance with Alation
Discover how Alation can help you strengthen your cybersecurity posture and safeguard sensitive data in line with APRA CPG 235 guidance and other data management strategies.
Power innovation with data
Improve risk modeling, streamline new product creation, and unlock the power of AI with access to trusted data that meets regulatory requirements and aligns with Critical Data Elements (CDEs). Deliver true digital transformation.
Investing in the industry
Data modernization delivers flexibility, efficiency, and innovation for financial services leaders to stay competitive in a fast-moving sector. Alation has teamed up with Snowflake to create the financial services industry’s first successful assessment of the EDM Council’s Cloud Data Management Capabilities. We are also proud to be a Snowflake Elite Partner with seven certified industry competencies, including Financial Services.
By improving the speed at which we are able to acquire and use data, we can turn that saved time into product innovations that help us remain No. 1 in customer satisfaction and delivering personalized customer experiences.
Frequently asked questions
What are the best practices for managing large volumes of financial data?
Best practices include using a data catalog for discovery, implementing strong governance policies, automating quality checks, and monitoring lineage to maintain transparency. These steps ensure scalability and compliance.
Increasingly, financial institutions are also adopting a data product operating model, which treats data as a managed product with clear ownership, quality standards, and lifecycle processes. In addition, many finance organizations define and manage Critical Data Elements (CDEs)—the most essential data points for compliance, reporting, and innovation. CDEs simplify governance by focusing resources where they matter most, while data products create reusable, trusted building blocks that scale analytics and support new business opportunities.
How can I ensure compliance with financial regulations using data management?
Data management platforms enforce policies, classify sensitive data, and track lineage to support regulatory audits. This helps institutions meet requirements like BCBS 239, SOX, and GDPR while reducing compliance risk.
Why is data governance crucial for companies handling sensitive information in regulated industries?
Governance ensures that sensitive data such as PII and transaction records is properly classified, masked, and secured. It provides auditable trails and enforces access controls—critical for trust and compliance in financial services.
How do I handle data retention and lifecycle management for financial information?
Establish policies for retention, archival, and deletion in line with regulations. A governance platform enforces these automatically, ensuring data is retained for the required period and securely disposed of when no longer needed.