ASG Technologies powers data governance for financial services company

ASG Technologies, a provider of integrated and flexible end-to-end solutions for the information-powered enterprise, has announced that Kotak Mahindra Bank (Kotak) has selected ASG to help pioneer its data governance initiatives.

Established in 1985, Kotak Mahindra Group is one of India's leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group's flagship company, received banking license from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank—Kotak Mahindra Bank

Kotak’s digital-first organic growth strategy is driven by its ABCD charter that focuses on AI enriched app, biometric enabled branch, context enhanced customer experience, and data-empowered design. A digital-first growth strategy entails rapid digitalization of processes and systems, which in turn requires having a robust data governance strategy.

To enable robust data governance processes and systems, Kotak has selected ASG’s Data Intelligence solution. ASG’s solution enables Kotak to discover, govern, and derive the value within its data while remaining compliant with ever-changing regulatory environments and maintaining hard-earned customer trust.

“Trust is the central theme in building customer confidence which in turn contributes to sustainability of a bank’s business," said Devang Gheewalla, president and chief of operations, Kotak Mahindra Bank. "A robust risk management and governance practice is imperative in building a trustworthy bank and it is these key principles that are driving Kotak’s data governance strategy. We value our association with ASG and believe that ASG’s Data Intelligence solution will enable us to set the standard for data governance among financial institutions in India.”

For more information, go to www.kotak.com and www.asg.com.