BNP Paribas Cardif Transforms Data into Assets with Master Data Management
Based in France, BNP Paribas Cardif, a subsidiary of the BNP Paribas Group, is a global player in the insurance industry, committed to making insurance more accessible. BNP Paribas Cardif was using an application suite consisting of five heterogeneous, non-integrated tools that were difficult to manage and maintain, requiring numerous manual entries and reconciliations. This setup generated data quality and integrity problems for the company. With support from the Nexeo Group, BNP Paribas Cardif chose and implemented TIBCO EBX® software to increase its data quality and govern a single repository of data. Improved data quality and a single consolidated data repository led to a reduction in financial data suppliers, helping optimize the company’s operational costs.