Align data with regulatory compliance and profitability
GFT can help you achieve a strategic view of your data, so that you can meet the known regulatory requirements and prepare for those that are still unspecified. How?
Data is the lifeblood of financial services. All banks consume and process a wide array of data, from a broad range of sources for an extensive range of purposes; from front-office decision making through to back office reporting. They are also prolific generators of vast quantities of data. Adopting a strategic approach to compliance means storing and managing data in a structured way, so that it can be analysed and used without requiring a major IT investment.
Regulations often require the processing and analysis of large volumes of data. The incoming FRTB requires banks to calculate and report their daily risk exposure, involving vast volumes of data across all asset classes, for both the standard and internal model approaches. This requires immense computing power and a RegTech approach to compliance.