GS1 standards in Finance

GS1 currently has an exciting opportunity to leverage its global reach and expertise to meet the needs of the Financial Services sector.

The financial services industry needs traceability

• Not merely tracking the movement of goods through a physical supply chain, but more generally, bringing together information systems of multiple parties in a supply chain for mutual benefit.

• Identification and reference data (master data) are the foundation.

• Global identification standards and accurate reference data will add efficiencies while lowering costs, as well benefiting risk management practices as a whole.