Mastering Risk Management and Regulatory Compliance
Respond to growing risk management and regulatory compliance pressures and costs with a centralized approach to data
management and analytics.
Industry Strategic Challenges
Financial industry regulators are mandating wide-ranging changes in regulatory reporting in order to better monitor and control systemic risk across the financial system. As a result, firms are facing increasing reporting and disclosure requirements from multiple pieces of regulation. Data integrity, real-time processing and scalability of data and analytics platforms have emerged as the top three challenges for financial service institutions trying to achieve risk management excellence and regulatory compliance.
For many banks, existing risk mitigation eﬀorts are based on siloed systems that are unable to provide a centralized view of risk. In order to ensure they are able to meet new regulatory obligations, these organizations will need to review and update the technologies and processes that handle their data.