Banking's regulatory compliance space is being transformed. In Asia Pacific, new granular data reporting (GDR) updates may well overhaul traditional regulatory reporting practices, compelling financial institutions to break away from conventional form-based reporting mechanisms and upgrade to new platforms.
To address these complex and frequent regulatory requirements, banks and financial institutions must adopt a strategic, long-term vision and expert capabilities in order to streamline in-house analytics and decision-making processes. Successfully doing so will close the potentially huge gaps in existing technological infrastructures and data architectures and ease the GDR compliance journey.
This IDC InfoBrief sponsored by Wolters Kluwer explores the growing relevance of GDR across the Asia Pacific region, outlines the far-reaching implications for financial institutions, and provides a detailed guide to building a successful next-generation GDR platform.