All different regulatory initiatives require data to be collected, analyzed and reported in different formats and under different timescales. Much of the data needed for one regulatory regime may also be required for the other regimes. It is obvious that if the data collection can be performed only once and made available in integrated shared structures, then the task of producing multiple different analytical reports will be greatly simplified.

However, many financial institutions will be aware of some or all of the following issues in their existing data infrastructure:

• Reliance on manual spreadsheets

• Inconsistencies in reporting calculation formulae

• Excessive length of time to collate data

• Inflexibility of existing data structures

• Limited insight into performance and predictability of the business

• Lack of data quality and integration

The key, then, is to ensure that data is collected and stored in a manner usable by all current and future business and regulatory requirements.

Achieving a high quality data infrastructure was also exactly what was needed for Abbey to run the business efficiently and profitably and was also what was required to fulfil other regulatory requirements.

Using Kariminia's solution provided Abbey with:

• Enhanced marketing productivity and operational efficiency

• Improved decision timeliness and quality

• Improved prospect marketing and customer retention

• Manage growth, loyalty and customer satisfaction

• And on top of that satisfying regulatory requirements

The benefits of using our solution are:

• Data integration hub containing a single consolidated view of data

• Integrated business and compliance information

• Increased flexibility to address new requirements

• Faster response to new requirements

• Ability to show data as at a point in time

• Ability to better leverage data across lines of business

• Increased consistency in data usage

• IT cost savings due to a reuse of population, storage and reporting components

 

This page last updated on 21 June 2008 - ©1996-2008 Kariminia LTD All Rights Reserved
 

To discuss how we can help your organization to achieve rewarding business solution with maximum efficiency

Call us at (+44) 01202 862 640 or send us an eMail.
 

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