Poor Data Quality regulatory nightmare for a major Bank

A pile of money of different currencies

Bank wrongly collects debt from customers due to IT errors. One of Europe’s reputed progressive banks is Danske Bank (Denmark). They pride themselves in excellent customer service and ethical treatment of their customers. Recently, much to their reputational embarrassment they collected outdated and excessive debt from up to 106,000 customers due to errors in its…

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AI/ML-Led Automated Data Quality: a Whitepaper Overview

First Eigen

Introduction In today’s data-driven world, Data Quality Management (DQM), especially with gen AI data quality solutions, is not just a technical requirement but a critical business imperative. Quality is one of the key functions under Data Governance, as unverified/unqualified data has little value to the organization. One of the leading global research and advisory firm…

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Expert Insights from Turing Award Winner on Improving Data Reliability in Modern Systems

First Eigen

Turing Award Winner and MIT Professor, Dr. Michael Stonebraker, provided a groundbreaking perspective on data reliability in his white paper. He emphasized that true digital transformation starts with clean, accurate, and consolidated data sets. His insights are already influencing global giants like GE, HPE, Thomson Reuters, and Toyota. This blog summarizes his key thoughts and…

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