Success StoriesParty Master for Major Financial Institution
Top 5 US bank serving 70M+ customers
Business Need
Objectives Driving Transformation
A major financial institution required a centralized Party Master to unify customer and counterparty data across the enterprise. Regulatory mandates, including BCBS 239, demanded standardized reporting and traceable data lineage, while broader KYC initiatives required accurate, authenticated, and governed party information. The organization needed consistent security controls, clearly defined data governance processes, and a single authoritative source to support compliance, risk management, and operational decision-making.
- Implement enterprise-wide master data management (MDM)
- Support BCBS 239 compliance through standardized reporting
- Strengthen KYC capabilities with accurate, consolidated party data
- Establish authentication and authorization controls
- Formalize data governance rules and change management processes
Establish an enterprise-wide master data foundation to strengthen regulatory compliance, KYC controls, and trusted reporting across business units.
Challenge
Barriers to Progress
Customer and counterparty records were fragmented across 10 primary systems, resulting in duplicate identities, inconsistent reporting, and regulatory exposure. More than 200 million records lacked standardized definitions and clear ownership. Governance processes for maintaining and updating data were loosely defined, creating operational ambiguity and increasing compliance risk. Coordinating multiple workstreams across business and technology functions added further complexity.
- 200M+ party records distributed across 10 source systems and 20 sub-sources
- Duplicate and inconsistent representations of individuals and entities
- Inconsistent reporting standards across business units
- Limited synchronization between data domains
- Undefined governance processes for data updates and stewardship
- Cross-functional alignment challenges across regulatory and operational teams
Solution & Results
What Paradigm Enabled
Paradigm designed and implemented an enterprise-wide Party Master leveraging Informatica MDM to establish a governed, authoritative source of party data. Advanced match-and-merge logic consolidated duplicate records at scale, while standardized address and identity cleansing improved data integrity across core systems. Governance frameworks were formalized to define data ownership, change controls, and usage standards. Reporting structures were aligned to meet BCBS 239 requirements and strengthen regulatory responsiveness.
- 66% consolidation of party records through automated match-and-merge
- Improved data quality across 10 primary systems and 20 sub-sources
- Standardized and cleansed address and party records supporting KYC compliance for 7 core business units
- 15% reduction in regulatory response time through accelerated, standardized reporting
- Strengthened authentication, authorization, and data governance controls
The institution now operates with a trusted enterprise Party Master that enhances regulatory confidence, improves risk transparency, and provides a scalable foundation for future data governance and compliance initiatives.
66%
Consolidation of records
15%
Reduction in regulatory response time