The financial industry deals with sensitive and confidential data, including customer information, financial transactions, and risk management data, which need to be properly governed to ensure regulatory compliance, data privacy, and security.
Financial institutions are subject to numerous regulations and compliance requirements, such as KYC (Know Your Customer), AML (Anti-Money Laundering) and GDPR.
Erisna helps you to have a simplified view of your institution's datasets, monitor data sensitivity, ownership, sources and quality, to ensure transparency and adherence to compliance needs.
With Erisna, you can scan your datasets and automatically detect sensitive data such as PII (personally identifiable information), business confidential and classified data.
This enables your team to identify information that may need to be masked or obfuscated to protect it from unauthorized access and ensure your organization stay compliant with regulatory requirements.
Erisna enables better collaboration within your team and across business units, functions, and third parties, enabling stakeholders to work together to manage data effectively. This can improve communication, reduce silos, and foster a culture of data-driven decision-making.
Erisna improves data governance across your organization, and this can be a key differentiator, in the highly competitive financial industry.
Financial institutions that are able to manage data effectively can make better decisions, reduce risk, and create new revenue streams, giving them a competitive advantage over their peers.