Computer · Data Migration and Management
A bank migrating its legacy Core Banking Solution to a centralized, cloud-native architecture discovers during a pilot that the legacy customer data has inconsistent formats and missing mandatory fields (like tax IDs or personal identification numbers), leading to failures in data integrity checks. What is the most critical first step the bank must take to resolve this?
- 1Revert completely to manual ledger-based records to eliminate technical integrity risks.
- 2Adopt a decentralized local backup storage system and avoid using cloud databases.
- 3Conduct a comprehensive 'Data Cleansing' and 'Data Mapping' exercise to standardize legacy data and resolve missing fields.✓
- 4Immediately purchase the fastest database servers available in the market to bypass formatting checks.
Correct answer
Conduct a comprehensive 'Data Cleansing' and 'Data Mapping' exercise to standardize legacy data and resolve missing fields.
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