Trillium Software makes it possible for the Absa capital South Africa to assess the Datencompliance within a data governance framework Trillium Software, a division of the hard Hanks group and a leading provider of data quality solutions, is pleased to announce that ABSA capital chose the Trillium Software system, to assess the quality of their data base. At the same time ensures that the data meet the requirements of the most important business processes. The Absa capital is a responsible for the investment banking division of ABSA Bank Ltd. The implementation is part of a comprehensive agreement of Absas with master data management CC (MDM CC), a South African reseller of Trillium Software, which supports the practical implementation of data governance frameworks at Absa. “For a Bank, which puts the customer at the center of all activities, customer data is crucial. No matter whether it is discovering new ways to the assessment of the credit risk or to an error-free regulatory accounting is, always, the quality of data is essential.”says Ian Kriegler, CIO at ABSA capital. “We were looking for partners, who offer a strong technology and also solid knowledge and experience. MDM CC and Trillium Software could offer along the desired combination us.” The Absa capital is active in the field of investment banking in South Africa and other sub-Saharan African countries.
The company has recognized the quality of data as a decisive success factor in numerous strategic projects. Therefore, Absa capital pursues the concept to streamline business processes and improve the accuracy and consistency across the entire life cycle of the trade with the Datencompliance – and data governance project. A data governance is the implementation and compliance with a structured process to permanently transform data into valuable, usable information. While a data governance includes the definition of procedures, rules, and standards. “If the data governance but not pragmatic and comprehensible” “gone, she brings no added value,” as Gary Allemann, Managing Director of MDM CC.