Data observability is essential for banks to maintain data quality, ensure regulatory compliance, and address challenges such as financial loss, reputational damage, regulatory penalties, and operational inefficiencies. Implementing a best-in-class data observability platform like Acceldata helps banks avoid costly errors, ensure regulatory compliance, and support effective decision-making and operational efficiency. The advanced ML-based analytics enhance anomaly detection and improve the security posture. This comprehensive approach safeguards against immediate risks and supports long-term resilience and growth in the banking sector.