Finance
Data Management
Cloud Data Governance Implementation for Largest Auto Lender in the US
- Part of a global network servicing 22M+ customers across 30 countries, managing $119B in assets
Business Need
- Address CCPA and other regulatory and business requirements; reduce audit exposure
- Enterprise data dictionary of critical data elements across core financial systems
- Processes to automate and orchestrate data
- Framework that enables collaboration between IT and Business
- Lower project costs
Challenge
- Several disparate legacy data dictionaries
- Inconsistent and incomplete source data
- Changing priorities from IT and Business stakeholders
- Lack of business and technical prowess among users regarding the governance platform tools
- Lack of data governance oversight
- Physical metadata architecture not matching catalogs used to define, find, and implement data flows
Solution & Results
- Installed, configured, tested, and delivered into production Informatica CDG
- Rationalized 50,000+ data definitions; promoted business understanding of the source, provenance, and correct use of data for management decisioning, increasing efficiency by 18%
- Established 6 core business processes to manage key data and mitigate data quality anomalies
- Enabled client to leverage financial systems infrastructure for acquisitions including new products/services and financial instrument offerings, reducing acquisition integration by 2 months
- Instituted training to increase tool confidence and knowledge, increasing business adoption by 23%
- Provided actionable best practice insights for environment and process improvements