Raw Knowledge has announced a new partnership with Adapa Advisory to provide its managed smart data platform to clients across wealth management and other financial institution segments.

The data specialist’s platform creates a single, validated view of disparate data sources so businesses can streamline their operations, make better data-driven decisions and sustain long-term growth.

The platform also helps businesses meet their regulatory obligations by allowing them to maintain a clear audit trail with its traceable data lineage functionality.

Adapa Advisory provides strategic insights and advice to its clients across the UK wealth management and banking sector. The firm said it decided to work with Raw Knowledge because of its "innovative use of technology, deep data management expertise and proven track record" in excess reportable income data.

Managing director at Raw Knowledge, Preya Patel, said: "We’re incredibly excited to be partnering with Adapa Advisory and engage with its clients on their data management strategies to provide pragmatic, cost-effective solutions.

"With over 25 years’ experience in financial data management, we understand the challenges businesses face when attempting to establish one clean, consistent and harmonised view of all their data sources."

Chief executive officer at Adapa Advisory, Mark Kerns, added: "Business growth, legacy technology, complex operating models and asset diversification have created an increasingly complex financial services landscape. Firms are responding through change programmes aimed at improving efficiency while controlling costs.

"But data challenges around data extraction, data accuracy and data validation continue to drive manual processes that are time-consuming, costly and prone to error. To help address this, by investing in their data management, we’re confident we can help firms can unlock valuable insights that deliver significant cost savings and, crucially, support long-term growth."

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