Unlocking the Power of Granular Data Reporting for Financial Institutions
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Unlocking the Power of Granular Data Reporting for Financial Institutions
April 24, 2024
How is your financial institution navigating the complex and evolving arena of data reporting? As Swati K. and Mithy Vaishali point out in this report from Wolters Kluwer, while some may count on in-house expertise to address immediate regulatory needs with a tailored solution, this approach may falter in keeping pace with evolving regulations and prove unsustainable.
“Collaborating with an experienced partner ensures access to robust expert RegTech solutions, equipped with pre-built frameworks and out-of-box features and functionalities that banks and financial institutions need. This provides flexibility, scalability, and seamless integration into existing workflows. Accenture reports that institutions utilizing RegTech solutions for regulatory reporting saw a 30% cost reduction and a 50% decrease in errors.”
We think our partners would agree that our experience and insights have been invaluable in helping them reduce costs and errors! If you would like to discuss how Leap Consulting Group can support your data reporting infrastructure, let's talk.
