March 14, 2014
From the Advisory Institute
Data has rapidly become one of the financial services industry’s most critical watchwords. IT, operations and legal compliance departments bear the brunt of ensuring that regulatory requirements and restrictions are properly addressed.
The hard and soft costs of managing, maintaining, and retaining necessary data are growing astronomically. Do you know what your data strategy is really costing you? Learn in this paper three primary factors that escalate the cost of data retention.
Further, this paper offers a plan for working toward a sustainable framework for data compliance -- to help retain records for the appropriate length of time, identify data subject to legal and regulatory holds, and dispose of data that is no longer needed or is no longer subject to a hold.
The right approach can support:
- cost control
- increased business value of data
- risk mitigation
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