DRM for Data Quality
Give the board line of sight over data quality risk.
Data Risk Monitor traces data from entry to exit, shows where errors are most likely to occur, and shows precisely which controls are in place at each point — so the board can see, and evidence, the quality of what the firm reports.
The challenge
Variable inputs, uncompromising outputs
Firms rely on dozens of data sources of very different quality. Manually entered data carries the highest risk of error. System interfaces are more structured but not infallible. Opinion-based feeds are subjective by nature.
All of it is aggregated through varied and complex systems to produce business decisions and reports for more than one regulator — outputs that must meet a high standard however messy the inputs were.
Directors are increasingly asked how they know the data they report is accurate. Without a clear view of risk and controls, most cannot give an evidenced answer.
The cost is real. Citigroup's regulatory penalties linked to data governance and data quality for regulatory reporting total $535.6 million — $400 million in 2020 and a further $135.6 million in 2024.
How DRM helps
From periodic snapshots to continuous assurance
Data Risk Monitor gives the board and senior management a single, ongoing view of data quality risk across the organisation. As well as recording data lineage, it maps data quality lineage and lets teams plan and capture the controls that will improve quality.
Data quality stops being an abstract compliance concern and becomes a managed, monitored risk — with clear ownership, demonstrable controls and evidence ready for regulators, auditors and shareholders.
Key benefits
Firm-wide, evidence-based view
Continuous, automatically generated assessments replace ad hoc investigations.
End-to-end lineage
See where each reported figure originates and how much confidence to place in it.
Controls and gaps, made visible
Not just where risk exists, but what is being done to remediate it — and by whom.
One shared platform
Business owners, compliance, system owners and data officers work from one consolidated picture.
Test change before go-live
Model new systems and processes so they do not introduce fresh data risk.
Regulator-ready evidence
Demonstrate control over the data behind regulatory reporting, on demand.
Who it is for
Board & senior management
Assurance over what the firm reports.
Compliance & risk
Evidence of controls for regulators and auditors.
Business owners
Confidence in the data behind decisions.
System owners
Clarity on how systems affect quality downstream.
Data officers
One firm-wide picture of quality and ownership.
Ready to answer the board's question?
Talk to us about mapping your data quality risks and controls.
