Chris Davies: The quest for data lakes to streamline regulatory reporting

Goodbye to 'swivel chair compliance'

clock • 3 min read
Chris Davies: "There is a real opportunity we will see data lakes that can streamline regulatory reporting and internal and external GRC audit processes providing real compliance cost and time-saving while ensuring swivel chair compliance becomes a thing of the past."
Image:

Chris Davies: "There is a real opportunity we will see data lakes that can streamline regulatory reporting and internal and external GRC audit processes providing real compliance cost and time-saving while ensuring swivel chair compliance becomes a thing of the past."

If the industry can overcome a 'silo mindset' when it comes to data management, the benefits are enormous, writes Chris Davies

Technology built well should act as an enabler platform to get stuff done quicker, with less expense and deliver more high-quality data and management information. What we have witnessed within ...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Technology

"In a world of increased digitisation, data is the essential foundation of digital transformation." - Tim Thompson-Rye

Tim Thompson-Rye: Data - advice firms' most valuable asset

Business gains, client gains

Tim Thompson-Rye
clock 09 August 2022 • 4 min read
Fundment launches integration with CashCalc

Fundment launches integration with CashCalc

Reduces re-keying errors

clock 02 August 2022 • 2 min read
A CII spokesperson said: "We are aware of an IT issue, which resulted in a couple of candidates being unable to access their CF6 Mortgage Advice exam for 15 minutes this morning."

Advisers face renewed CII exam tech issues

'Kicked out of the system'

clock 26 July 2022 • 2 min read