True or False: Customers are allowed to create their own data dictionaries in Avaloq.

The statement is false because in Avaloq, customers do not have the capability to create their own data dictionaries. The data dictionary is a critical component of the Avaloq Banking Suite, tightly managed by the Avaloq system itself to ensure consistency, security, and integrity across all data used by the bank. Users and customers typically work within predefined structures and definitions laid out by the Avaloq system. This helps maintain uniformity in how data is structured and accessed, which is crucial for compliance and operational efficiency. Additionally, allowing customers to create their own dictionaries could lead to inconsistencies and potential errors in data interpretation and processing, which would undermine the system's reliability.

While there are opportunities for customization in other areas of the Avaloq system, developing a completely independent data dictionary is not one of them. This design choice supports robust data governance and minimizes risks associated with data management.