Financial services risk & compliance data
Financial services (FS) organisations are operating in one of the most uncertain, complex, and evolving business environments. Besides business challenges of changing customer preferences, aggressive competition, and ballooning costs, FS organisations are required to comply with the ever-changing regulatory environment and manage financial and non-financial risks. FS organisations have started building a core framework to ensure a balance between operations and compliance. A focused approach to structural changes and more investment in technology can help bring the needed balance and stabilise the cause.
FS organisations should take a holistic view of the risk and regulatory data to ensure compliance readiness. Recent regulations are demanding more granular data at a much higher frequency. It is pertinent for the organisations to build a transparent compliance process view and end-to-end data lineage to quickly realign data and processes for the new requirements. A high-quality data infrastructure will also help in leveraging modern technologies like AI/ML to reduce frauds, manage risk and improve overall compliance.
We help financial institutions in navigating risks and regulatory changes, and assist in identifying, assessing, and managing risks by reviewing the control processes, analysing the underlying data infrastructure, and creating the monitoring mechanisms. We bring together our deep experience in audit, tax, and advisory and strong expertise in data and modern technologies to interpret complex regulations and define practical compliance & reporting solutions. Our services are aligned to maximise the value of a business’ regulatory investments and strengthen the operations and overall business.