Capco: Don't allow inertia to prevent data standards adoption

It is self-evident that data standards are crucial to financial organizations—from insurance firms to mortgage companies. Yet I have seen that developing appropriate standards continues to be a challenge, even in well-structured organizations.

Many organizations build costly one-off proprietary interfaces that seldom reuse data formats. Occasionally organizations base interfaces on de facto standards such as Microsoft Office document formats or those used in other proprietary, commercial