Wachovia Basel II Compliance Project Delivers More Effective Data Governance

Charlotte, NC - US bank Wachovia has seen more effective data governance and improved data quality after going live with a Teradata master data management (MDM) system in a project originally intended to help the firm meet Basel II requirements, officials tell Inside Reference Data.

To comply with the Basel II requirements on data accuracy, cleanliness and traceability, firms need sufficient data governance and data management capabilities. When the accord was announced in 2004, Wachovia embarked

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