The Top Data Challenges Facing European Financial Services Firms

Today more than ever before, financial services firms are striving to gain a competitive edge, deliver more value to customers, reduce risk, and respond more quickly to the needs of the business. With this, digital transformation strategies are beginning to shift to have more of an enterprise-level focus.

However, for many firms, being able to access all of their data, especially in real time, can be challenging, owing to the growing volumes and complexities of data they must deal with.

We surveyed almost 200 senior executives within European financial services firms to understand the current data challenges they are facing and the impact of these issues, as well as their key data initiatives and priorities for the coming year.