"Significant Challenges" in Aggregating Data for Single Customer View Requirements
The single customer view requirements in the UK may initially appear to be straightforward, but it can be challenging to pull the around 10 reference data items together to become compliant, officials tell Inside Reference Data.
Around 800 deposit-holding institutions are required to create and maintain a single customer view (SCV) of each client under the Financial Services Compensation Scheme (FSCS) reform in the UK when it becomes effective in January 2011.
“There are some significant
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