Banking.Vision
In an increasingly complex world, data has long since become a crucial factor in better understanding customer needs and creating relevant added value. This is also changing the role of the bank. It is evolving from a traditional intermediary, whose primary role is to act as a go-between, into an active enabler that provides guidance, identifies opportunities and supports customers with a forward-looking approach. Data is the key to a new form of customer relationship.
Banking.Vision
Customer Magazin NEWS 03/2025 The Basel Committee on Banking Supervision’s BCBS 239 standard, ‘Principles for Effective Risk Data Aggregation and Risk Reporting,’ aims to improve banks‘ ability to aggregate risk data in order to enable more effective risk management and better decision-making. BCBS 239 has been in force for years for systemically important institutions and remains relevant in light of increasing regulatory requirements and challenges facing banks. Implementing these principles offers an opportunity to strategically realign data management, thereby laying the foundation for a transformation towards greater data utilisation and inspiration.