Data modernization: Banks ready for the next stage

The banking industry has reached a tipping point. The foundational work of data modernization is done. Your data is ready for the next stage. Are you?

Data Modernization: Banks Ready for the Next Stage

Discover the framework for shifting from data management to data-driven growth in our in-depth article

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For years, the focus has been on the defensive side of data: protection, governance, and compliance. While essential, this was only the first step. Now, leading financial institutions are moving on to offense—harnessing curated, high-value data products to create tangible business value, enhance customer experiences, and unlock new revenue streams.

We’ve reached a tipping point around data in banking. The industry is shifting from a defensive agenda around data protection and management to an offensive agenda geared toward growth through data utilization.

Brian Radakovich

Financial Services, Data Leader, KPMG LLP

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Data modernization: Banks ready for the next stage

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Taking Action

The journey to becoming a data-driven enterprise presents unique challenges, from fostering a new data ownership mindset to ensuring your technology stack can deliver on the promise of value creation. 

At KPMG, we help you bridge the gap between your vision and execution. We partner with you to:

  • Build Your Data Product Portfolio: We help you establish the agile systems, data quality standards, and operational foundations to build data products that deliver measurable business outcomes.
  • Foster a Data-Driven Culture: True transformation requires a shift in mindset. We guide you in establishing a culture where data ownership is a shared responsibility between business and IT, fostering collaboration and innovation.
  • Harness Data Ethically and Responsibly: With our trusted data principles and governance models, we help you manage risk and build the confidence to innovate freely.
  • Accelerate Your Data Journey: As a recognized leader in data modernization services, we provide the deep industry experience and technical solutions you need to move forward with confidence.

2025 Banking Survey: Technology

This pivotal industry shift is detailed in our latest analysis. We surveyed 200 banking leaders to understand their progress, challenges, and, most importantly, their strategies for what comes next.

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