One of the more compelling truths about data in banking is that most institutions already possess all the data they need to drive change at their organization. The issue? Most are missing the key to unlock it. We’ve often seen that banks will try to add more to improve their data strategy after gaps are identified — more staff, more systems, more enhancements, more data. But doing so can be akin to putting a band-aid on a broken bone if they’re not focusing on the right problem. Banks typically don’t need to add more to the equation, they need to strengthen what they already have internally by centralizing their data and setting efficient processes in place around it. Two KlariVis clients, Raymond Goodrich, EVP & Chief Lending Officer of Bank of Charles Town ($870 million in assets out of Charles Town, WV) and Jim Donnelly, President & CEO of Wayne Bank ($2.28 billion in assets out of Honesdale, PA) recently addressed a room full of bank executives at the inaugural KlariVis...