Enhancing Data Lineage for Regulatory Compliance in the Banking Sector

Banks are increasingly adopting digital solutions to manage vast amounts of sensitive data, requiring adherence to regulatory requirements such as BCBS 239 and GDPR. Robust data lineage ensures complete traceability, strengthening customer trust by safeguarding customer data, maintaining financial integrity, and ensuring compliance with regulatory standards. Enhancing data observability, establishing robust data ingestion processes, and designing efficient data pipelines are crucial for banks to ensure regulatory compliance in the banking sector. Advanced data observability platforms and real-time data processing tools can help banks meet both current and future regulatory challenges while maintaining data accuracy, traceability, and compliance.