Data Governance in Banking

Data governance in banking is a critical discipline that ensures data is accurate, secure, compliant, and trusted across the organization. Banks operate in a highly regulated environment where poor data management can lead to financial loss, regulatory penalties, and reputational damage.

A strong data governance framework defines ownership, data standards, quality rules, and access controls. It helps banks manage customer data responsibly while enabling analytics, risk management, and digital transformation initiatives.

Effective governance also supports regulatory requirements such as data privacy, auditability, and reporting accuracy, making it a foundational capability for modern banking institutions.