FinTech Magazine February 2024 | Page 64

Managing Risk , Regulation and Data Governance

Report Themes Include :

• The Core Characteristics of a Sustainable Compliance Programme
• Common Use Cases of Sustainable Compliance
• Supporting ESG with Data Compliance
• Adding Value through Sustainable Compliance
Read the Report
Graph how governing compliance is a team sport , reaching across a business

Featured Authors :

JEFF NELSON JD DONNELLY
Managing Director – Financial
Senior Director –
Crimes & Compliance Division
Professional Services
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Managing Risk , Regulation and Data Governance

Achieving sustainable compliance is a goal for many businesses that want to utilise data to make intelligent decisions and better serve customers – not just tick the compliance box .
For Nelson , sustainable compliance is a sign that an organisation has an holistic ‘ data integrity ’ approach . “ Financial institutions that are progressing most successfully are the ones leveraging compliance data to support use cases to achieve multiple goals or objectives across the organisation .”
Data integrity consists of multiple steps – and depending on the specific goals of each organisation , “ Once you pull tha the journey may begin at different information toget places . One critical step is you ’ re able to sco integration , bringing data together you also have to from different silos and areas of data quality pro an organisation . Nelson says : “ You need to sta
“ Integrating into mainframes , normalise , and distributed systems and the cloud information tha is certainly a requirement in modern Then you need ecosystems .” “ You also need to have utilise the data a governance process , you have sources to info visibility into what policies apply to you , as a fina what data , validate where the data are trying to is coming from . You need to ask historical da what the lineage and impact of the services pro data is on other business processes looking to le
– and ensure your glossary terms As Nelson are properly identified from multiple location da data sources . useful also
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