The Data Problem
Over recent decades, the amount of information collected and used by financial firms has exploded, with different data sets spread across multiple platforms and systems. This has made financial compliance much more challenging because, at the heart of all regulatory obligations is the need to bring together, analyze and store vast amounts of data for archiving, supervisory oversight, and control. This data dispersion also prevents firms from harnessing the power of their information which, once consolidated, can reveal great insight beyond regulatory compliance.