Transforming Enterprise Content Management: Ensuring Efficiency with Automated Retention and Secure Information Disposal

For financial institutions, managing data volume presents a significant challenge, as they routinely handle growing volumes of both structured and unstructured data. The information management teams responsible for this task must develop robust processes and systems to ensure the efficient and compliant storage and retrieval of information.

This document explores the critical importance of a well-defined data retention and disposal strategy, highlighting the potential risks of inadequate data management, such as regulatory fines and security breaches. It also outlines actionable steps financial institutions can take to streamline their data management practices. By adopting these strategies, banks and credit unions can better navigate the complexities of data management, while safeguarding their operations and reputation.