The cost of non-compliance

 

 

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While the Coronavirus crisis means regulators have taken a step back in recent months, the cost of non-compliance remains high for banks of all shapes and sizes.

 

Be it Anti-Money Laundering directives, Strong Customer Authentication, the Basel III reforms or General Data Protection Regulation, it is crucial to have the right systems and processes in place.

 

Data management is the key theme running though all of these, regardless of whether you’re a nimbler but less well-resourced digital challenger, or a legacy IT-addled incumbent operating at scale.

 

This podcast looked at how proper organisation and improvements in data quality can help immensely, when paired with things like automation and cloud-enabled agility. FStech editor Peter Walker spoke to James Cotton, a solutions director at Information Builders, to help get to the bottom of the issues.