Digital regulatory reporting
Regulatory reporting is the backbone of compliance. By digitising and improving access to data for regulators and internal reporting, organisations can automate the process of delivering data using pre-agreed mechanisms that remove human error and help move towards a standardised approach to reporting.
A complex issue
Today’s technology, coupled with the relevant regulation and operational systems that contain data, make it very challenging to achieve fully automated digital regulatory reporting.
A data-pull approach is required to truly transform data collection but multiple building blocks must be present for this to be implemented, including data models and data standards.
One of the biggest hurdles standing in the way of a simplified regulatory engine being deployed is the human one. Getting stakeholder agreement on a governance structure is complex and challenging.
How AIRtech® helps
Data is extracted directly and communicated to regulators using pre-agreed, automated governance mechanisms.
Machines that know the rules
Our AIR Tools understand and interpret rules for better reporting. They simplify the process of adapting to changes in regulation through an arsenal of tools including digitised rulebooks
Standards as standard
Through digitising regulations, the AIR Platform provides a single version of truth upon which a governance structure can be built.
‘The International Data Corporation (IDC) predicts that the amount of data in the world will grow from 33 ZB in 2019 to 175ZB by 2025.’
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Cut out the costs of accessing and storing data by creating a shortcut to value.
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Remove risk inhibitors to realise the value of data faster.