15 December 2017
visit http://response.ncr.com
« All videos

Innovation key to tackling regulation

13 July 2015 | 5549 views | 1

Ola Neergaard, Vice President Commercial at Corporater explains how the increased demands of regulatory reporting necessitate innovation to reduce risk, ensure traceability and automate manual reporting to ensure compliance.

This Finextra interview took place at SAP’s Financial Services Forum in London. For more information, check out events.sap.com/gb/sap-financial-services-forum-emea/en/home

Comments: (1)

Jamuna Ravi
Jamuna Ravi - Pinovus Consulting - Bangalore | 13 July, 2015, 15:47

Regulatory reporting has been a huge challenge , specially in financial services. The main issues faced in automating the reporting are inadequate understanding of source data stored in legacy transaction systems like core banking solutions, disparate source data formats across multiple systems and adhoc reporting solutions developed to meet regulator deadlines. They can be tackled through intelligent data extraction frameworks leveraging the latest Business Intelligence technologies. It is also an opportunity to use the data collected for regulatory reporting for analytics to support business growth.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.thomsonreuters.infovisit www.response.ncr.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
9956 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
9381 views comments | 17 tweets | 36 linkedin
Brits flock to digital-only banksBrits flock to digital-only banks
7414 views 11 comments | 11 tweets | 15 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
6785 views comments | 19 tweets | 20 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6231 views 0 | 4 tweets | 2 linkedin