In financial services, Data Mesh helps streamline regulatory compliance. Each data product can have its own customized policies and controls, simplifying compliance with strict standards. This localized approach improves the auditability and transparency of compliance efforts.
Financial institutions must adhere to strict regulatory requirements regarding data privacy, security, and traceability. Centralized systems can make it challenging to ensure compliance across all data silos.
With Data Mesh, data governance can be embedded into the data products themselves, closer to the source, which simplifies compliance with regulatory standards. Each data product has its own policies and controls, ensuring that data handling meets the required compliance standards. This localized control can be a boon for auditability and transparency.