Book Image

Managing Data Integrity for Finance

By : Jane Sarah Lat
Book Image

Managing Data Integrity for Finance

By: Jane Sarah Lat

Overview of this book

Data integrity management plays a critical role in the success and effectiveness of organizations trying to use financial and operational data to make business decisions. Unfortunately, there is a big gap between the analysis and management of finance data along with the proper implementation of complex data systems across various organizations. The first part of this book covers the important concepts for data quality and data integrity relevant to finance, data, and tech professionals. The second part then focuses on having you use several data tools and platforms to manage and resolve data integrity issues on financial data. The last part of this the book covers intermediate and advanced solutions, including managed cloud-based ledger databases, database locks, and artificial intelligence, to manage the integrity of financial data in systems and databases. After finishing this hands-on book, you will be able to solve various data integrity issues experienced by organizations globally.
Table of Contents (16 chapters)
1
Part 1: Foundational Concepts for Data Quality and Data Integrity for Finance
5
Part 2: Pragmatic Solutions to Manage Financial Data Quality and Data Integrity
10
Part 3: Modern Strategies to Manage the Data Integrity of Finance Systems

Understanding how ledger databases prevent data integrity issues

In this section, we will discuss the steps and components to perform the various verification procedures. We will dive deep into the queries on how to do this, as well as discuss the immutability of the ledger by covering the built-in history function. By doing this, we will see how QLDB can maintain a complete record of the changes we have made and show how cryptographic verification is done. These features are what make this database unique and help maintain the integrity of the data.

Note

Cryptographic verification in QLDB is a method that ensures the integrity and authenticity of the data within the ledger. This is possible by utilizing hash chaining combined with a Merkle tree-based model to perform the verification. Because of this capability, the integrity of the ledger is maintained, making it well-suited for use where an accurate and reliable record of transactions is essential.

Now that we have covered...