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Integration of financial institutions supported with data asset development – Magyar Bankholding case study

Author

Listed:
  • Vajda, Gábor
  • Martzy, Antal
  • Lovász, Zoltán
  • Zéman, Zoltán

Abstract

Magyar Bankholding was created as a result of the integration of three large banks, where digitisation and data centricity, including also the creation of efficient data asset management, were emphasised from the very beginning. Our study investigates, as a case study, whether a survey and preparation work based on the maturity assessment method can shorten the implementation time of a data asset, estimated at 1 to 1.5 years, to 7 months in a complex bank integration process. The results were backtested one year after the work was completed, so all the effects could be evaluated. It can be concluded that the application of the methodology described in the study has had a positive impact not only on time requirements, but also on business, digitalisation and technological objectives.

Suggested Citation

  • Vajda, Gábor & Martzy, Antal & Lovász, Zoltán & Zéman, Zoltán, 2023. "Integration of financial institutions supported with data asset development – Magyar Bankholding case study," Public Finance Quarterly, Corvinus University of Budapest, vol. 69(3), pages 53-71.
    • Handle: RePEc:pfq:journl:v:69:y:2023:i:3:p:53-71
    DOI: https://doi.org/10.35551/PFQ_2023_3_3
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    More about this item

    Keywords

    Data asset management; data processing; data warehouse;
    All these keywords.

    JEL classification:

    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • C88 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Other Computer Software
    • D89 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Other
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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