Rising Penalties for Non-Compliance with Data Management Standards in BFSI: A Call for Action

Regulatory compliance has become fundamental to the survival of financial institutions in a highly scrutinized financial landscape. Non-compliance with data management and reporting standards is not just an operational risk—it is a significant financial and reputational threat.

In this eBook, we explore the growing wave of sanctions against banks for lapses in areas like KYC/AML, asset classification, cybersecurity, IT systems, and regulatory reporting and the urgency of strengthening data governance practices. Learn why financial institutions must prioritize modern governance frameworks, cutting-edge data platforms, and automation technologies to navigate complex regulations effectively.

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