When businesses think of the General Data Protection Regulation (GDPR), often their first instinct is to pass the issue to Legal because it’s a perceived legal issue. Following Legal’s input, it may end up in the hands of IT because the legislation is all about data. But that is not the right approach.

Our solutions and frameworks help organizations accelerate and de-risk major transformative initiatives by leveraging tested design patterns and architectural blueprints. Our data lake-based regulatory reporting framework provides a solid foundation that brings together data from multiple domains including risk, finance and markets.

Financial services institutions are currently challenged with managing their profitability and growth while maintaining regulatory compliance. At the same time, they want to be able to confront new entrants riding the wave of disruptive “FinTech”. Some are looking at regulatory compliance as an opportunity to fundamentally improve the way they run their businesses.

When businesses are enabled to collect every piece of relevant data in a single place, they are enabled to search for and retrieve digital assets more efficiently. By creating a central, comprehensive data set, Robobank was able to complete compliance investigations without the need to return to source systems, even if the scope changed.