Data Governance & Compliance

Developing and maintaining data management processes to meet client needs and legal compliance requirements.
Data Governance
Data Compliance
FAQs

Data Guardians: Safeguarding Compliance through Governance

With decades of experience in Financial Services, Talan UK provides effective Data Governance and Compliance solutions. Working alongside our clients we help develop and maintain Data Management processes to ensure high levels of Data Quality and Compliance to meet both the client’s needs alongside their legal requirements.


What is Data Governance and Data Compliance?

Data Governance

Governance is the key to avoiding common pitfalls of big data across large and diverse organisations, such as multiple versions of the “truth”, where inconsistent data that can be extracted by different teams will result in a lack of data confidence from stakeholders and ultimately, customers. 

Talan has successfully driven large scale Customer Due Diligence projects for Global Financial Service Organisations, where identifying, validating, mapping and documenting disparate data sources within an organisation is vital to building a complete view of customers and their connections. We have also serviced many large-volume remediation projects, for both static and live client populations, creating live customer mailing datamarts with verified data source mappings and auditable data source snapshots for mailed data. 

Talan is invested in the next generation of Big Data solutions, including Databricks and Microsoft Fabric, which provide data source mapping and traceability, allowing the creation of a Data Lakehouse, with full data source auditing.

Laptop displaying virtual screen of document management system

Data Compliance

This pertains to the privacy of personal and business information and how businesses and organisations store, retrieve, and secure this sensitive data. It also must be able to meet legal and regulatory requirements. For example, in the case of GDPR this means that a customer’s stored data must be retrieved within a legally defined time frame upon request. Personal Data must also be kept securely, and only for long enough for it to be processed for its stated purpose. 

Talan has successfully delivered projects involving the creation of large volume regulatory reporting, for bodies such as the FSA. We also have experience of applying regulatory requirements, such as GDPR and customer-contact preferences, to remediation mailings.

Female colleagues working in a data centre with rows of server racks

Questions from clients and how Talan has solved them

How can we secure our data and prevent unauthorised access?

Talan can help secure your data and prevent unauthorised access, data breaches, and the potential misuse of sensitive information by implementing robust security measures such as encryption, access controls, and regular security audits as well as train your employees on data security best practices.

How can data be structured to adhere to various regulations?

Talan can keep you informed about relevant regulations, including data protection (e.g. GDPR, HIPAA), conducting regular compliance audits, and implementing tools or processes to ensure data handling aligns with legal requirements and avoids severe penalties from non-compliance.

How can we avoid the use of inaccurate or incomplete data?

Talan can help you avoid the use of inaccurate or incomplete data which can lead to poor decision-making and operational inefficiencies by establishing data quality standards. This will be through implementing data validation processes, regularly cleaning and updating databases and applying tools and procedures that will identify and correct data errors.

How do we establish ownership/accountability in our data?

Talan can help you clearly define data ownership roles and responsibilities to ensure the quality and integrity of specific datasets. Our data strategy experts implement and use data integration tools and platforms that support the necessary data governance policies across the organisation.

How can we properly manage our data?

Managing your data when it is contained in many different systems and comes from multiple sources can be tricky. Talan can help deliver integrated data management solutions that enable seamless data flow across different systems and develop standardised data formats and protocols for consistency across the business.

How do we provide access to sensitive data? 

Talan can help provide access sensitive data to other parties while ensuring your data remains secure. Talan can implement access controls, so that users have access only to the data necessary for their roles and set up procedures to review and update access permissions over time.

How do we retain data for an appropriate amount of time? 

Retaining data for too long can pose privacy and compliance risks, while premature deletion could lead to loss of valuable information. Talan can help establish clear data retention policies based on legal requirements and business needs and automate data lifecycle management processes to ensure timely deletion of obsolete data.

The data era is here, and we at Talan are ready to accompany you. Together, let's exploit the potential of Data Governance & Compliance to make your company an essential player in the market. 
Don't wait any longer, embark on this transformation today!

Lets take action together