The UK's Financial Services Authority has signaled a revision to its rule book that will require deposit takers to put in place appropriate systems to create and maintain a single customer view (SCV) to ensure fast payouts under the Financial Services Compensation Scheme.
Definitely agree with Finextra comment - progress towards enterprise information maturity!
This regulatory drive towards information quality will lower risk by having customer and transaction information in one view, breaking down the siloed views that traditionally exist and at the same time promoting a better customer experience and promote relevant
customer opportunities - all traits of an SCV!
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