31
May
In the fast-evolving FinTech sector, data quality and accuracy are non-negotiable. High-quality data is fundamental to informed decision-making, regulatory compliance, and customer satisfaction. This article delves into essential strategies for maintaining data quality and accuracy in FinTech, ensuring firms can thrive in a competitive landscape. Define Data Quality Standards To begin with, FinTech companies must establish explicit criteria for data accuracy, completeness, consistency, and timeliness. Leveraging industry standards such as DAMA DMBOK (Data Management Body of Knowledge) and ISO 8000 ensures a robust framework for evaluating and maintaining data quality. These standards provide comprehensive guidelines that help organizations define…