Leading the way in innovation for over 55 years, we build greater futures for businesses across multiple industries and 55 countries.
Our triple bottom line focuses on people, the planet, and purpose. Together we are ready to go the extra mile to empower communities while transforming countless lives and industries along the way.
We share news, insights, analysis and research – tailored to your unique interests – to help you deepen your knowledge and impact.
At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.
Get access to a catalog of the latest news stories from across TCS. Discover our press releases, reports, and company announcements.
Banking / WHITE PAPER
Indra Chourasia
Industry Advisor, CDO Strategic Initiative, BFSI, TCS
Prabhakaran Pitchandi
Global Head, CDO Strategic Initiative, BFSI, TCS
You have these already downloaded
We have sent you a copy of the report to your email again.
Technology-led innovation to transform regulatory reporting solutions
The complexities of existing disjointed regulatory data and technology infrastructure are a hindrance in achieving timely and accurate fulfillment of regulatory compliance, especially in areas of cross-border reporting challenges and obligations. Given the need for regulatory reporting transformation, banks have to build agile and resilient multi-jurisdictional regulatory reporting solutions using a robust data strategy, automation, and technology-led innovation. The key imperatives for banks in this aspect will be:
Embrace AI-led regulatory inventory and data processes to help drive agility in the data-sharing model
Ensure standardized, granular, and consistent data for multi-dimensional aggregation and focused analysis
Adopt straight-through processing (STP) of data
Implement timely report-fulfillment capabilities with a potential shift to on-demand reporting
Adopt flexible architecture to support different regulatory reporting approaches
The critical role of the Chief Risk Officer in Mergers and Acquisitions
Greenwashing in Financial Services: Why it Matters and What to do
Change and Resilience – Learning from Failures
Decoding the Surety Bonds enigma for International Trade