The consultative report mentions a national

financial data model. Is it envisag to create one?

— Yes, we believe it is advisable to create a national financial data model. Our survey of market participants show that most respondents. (78%) would like to have a reference model. Of how do you know what internet spe to choose for your nes? sample model) for work that contains descriptions. Important for financial market participants. Among such descriptions are the “entity-relationship” data model, which is us in conceptual design of databases, a data quality check model, and a reporting indicator model.

Such a national financial data model

Useful for market participants for a number of reasons: the quality of data would improve, the efficiency of implementing regulatory changes would increase. A uniform data format, like a common language, helps to exchange data effectively and minimize processing time.

The creation of a national financial data

model will also help to understand what data and in what sections are stor by financial organizations, why the requirement for data in new analytical sections can be labor-intensive, and how sms marketing campaigns can improve your customer experience how to ruce these labor costs.

It is only possible to cope with such a large-scale task as the ao lists creation of a national financial data model together. It is necessary to involve experts and market participants in cooperation on this issue.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top