Migrating only the relevant data to a new system, archiving data that needs to be retained and getting rid of the rest. It is possible to do this cost-efficiently with cloud.
While banks are obliged to have contingency plans in place, ability to use clearing and settlement services is not fully in their control.
“When we make data a natural part of the business development, data governance comes with it,” says Olof Granberg, Director of Data and Advanced Analytics Technology.
Fintech, P27 and the ever-changing world of payment!
In our new white paper on sustainable card payments Hans Sjölund looks at the drivers for action and what can be done by the card industry to reduce its environmental impact.
“The technical side of pulling data from several sources is not the biggest challenge these days. It’s more about how we work with the data.”