Regulatory compliance is a data management game

| Point of View

Since the 2008 financial crisis, regulatory bodies have enacted more and stricter regulations for financial services firms. As this trend continues, financial institutions face a conundrum: how can they manage overwhelmingly large stores of data while accurately extracting specific data required by regulators? The first step toward manageable compliance is to adopt data management best practices. Through tracking and storing accurate data and analysing it according to compliance-related parameters, financial services firms can win the data management game and achieve regulatory success.