Data products, data contracts: A new model for data management in financial services
In Part 1, we covered the data doom loop
– the
cycle of complexity, inefficiency, and eroding trust in financial data that
persists despite massive investments. The solution isn’t another sweeping
architectural overhaul. It’s about fixing how data is defined, accessed, and
governed at the source.
That’s where data products and data contracts come in. These concepts aren’t
just buzzwords – they’re pragmatic, enforceable w