Summary
This document is a checklist designed to evaluate data quality within financial services organizations. It outlines various indicators that may suggest poor data hygiene, which can lead to operational inefficiencies, compliance violations, and increased fraud exposure. The checklist includes specific questions related to customer outreach response rates, fraud detection delays, undelivered communications, disconnected systems, manual data entry errors, inaccurate risk assessments, compliance risks, and customer onboarding challenges. Each section prompts the reader to assess their current practices by ticking boxes to identify areas of concern. If two or more boxes are checked, it indicates a need for improvement in data quality strategies. The document emphasizes the importance of accurate data for effective decision-making and risk management in the financial sector.
