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Blog > April 2020 > ASG Technologies to Power Kotak’s Data Governance

ASG Technologies to Power Kotak’s Data Governance

ASG Technologies is pleased to announce that Kotak Mahindra Bank (Kotak) has selected ASG to help pioneer its data governance initiatives. To put in place 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.

Data trust is complex, but a critical component of any modern organization – especially one that is responsible for managing its customers’ finances. To ensure this trust and continue to improve its management of its most strategic asset – data – Kotak is leveraging ASG’s Data Intelligence tool to implement a robust risk management and governance practice. With ASG Data Intelligence, the bank will set the standard for data governance and regulatory compliance among financial institutions in India.

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.

The Bank has four Strategic Business Units – Consumer Banking, Corporate Banking, Commercial Banking and Treasury, which cater to retail and corporate customers across urban and rural India. The premise of Kotak Mahindra Group’s business model is concentrated India, diversified financial services. The bold vision that underscores the Group’s growth is an inclusive one, with a host of products and services designed to address the needs of the unbanked and insufficiently banked. As of December 31, 2019, Kotak Mahindra Bank Ltd. has a national footprint of 1,539 branches and 2,447 ATMs, and branches in GIFT City and DIFC (Dubai).

Read more about the news in this release. To learn more about Kotak, please visit the company’s website at https://www.kotak.com/.