Computer Science · Data Management
The existence of data silos across core banking, treasury, and retail systems is a primary issue in modern financial institutions. What is the most effective solution to resolve these data silos and ensure a single source of truth?
- 1Migrating the operations to completely decentralized standalone servers
- 2Requiring manual supervisor approval for all cross-system data transfers
- 3Implementing a centralized Data Warehouse or Data Lake architecture that integrates all source systems✓
- 4Increasing the frequency of manual data entries across all individual systems
Correct answer
Implementing a centralized Data Warehouse or Data Lake architecture that integrates all source systems
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