Case Study

Meet financial regulations confidently. Set up a strong data quality system that helps you follow rules like BCBS239 and Solvency II while improving how you use data.

Challenge

This initiative has been successfully implemented for customers in diverse sectors, including commercial banking, insurance and private wealth banking.
Our clients in these industries consistently faced one or more of these pressing challenges:

• Difficulty in establishing comprehensive data governance frameworks
• Ensuring data quality and consistency across diverse systems and processes
• Implementing effective risk data aggregation and reporting capabilities
• Balancing compliance requirements with operational efficiency and cost considerations

Roles

This initiative usually involves the following people & roles. They can be found either within your organisation or at a consulting partner.

• Chief Risk Officer (CRO)
• Data Governance Manager
• Compliance Specialist
• Regulatory reporting specialist
• Data Auditor

Impact

After a routine check-up with our clients, we confirmed several of the below improvements:

1. Compliance: Achieved full alignment with BCBS239 and Solvency II requirements
2. Quality: Significantly improved data quality and reliability across the organization
3. Risk Management: Enhanced risk data aggregation and reporting capabilities
4. Efficiency: Streamlined data processes, reducing time and cost of compliance
5. Confidence: Increased trust in financial reporting and risk assessments
6. Adaptability: Established a flexible framework to meet future regulatory changes