Automating Regulatory Reporting In Financial Services
High volatility in the banking sector is driving heightened regulatory demands and scrutiny. There is now a greater focus on data quality, governance, and sustainability of the reporting process. Though regulatory reporting expectations typically increase as firms grow, current events indicate that agencies will increase regulations for banks of all sizes, including increases supervision of regional banks and those on a growth trajectory.
Challenges faced by banks for regulatory reporting
Complexity of regulatory requirements
Non-harmonized data from multiple disparate sources
High volume of manual adjustments
Highly manual process with heavy reliance of EUC’s across the reporting process
Lack of standardization in processing data for reporting
Inappropriate use of existing reporting tools
Limited insights for reported datasets
View Webinar Recording
Take control of your regulatory reporting with the ability to standardize, validate, and automate with confidence. WIT and Alteryx will address the increased reporting expectations for banks of all sizes. In this webinar you will learn from industry experts about the market factors and specific business needs, and learn more about reporting automation solutions from your peers at other banking institutions.
How you and your team can start today
Alteryx is focused on enabling everyone to transform data into insights to take back their time and maximize efficiency and performance.
Our Office of Finance Starter Kit provides examples of pre-populated workflows available for you to download for free.
Your team will need Alteryx Designer to use it, though, so we’re providing a free 30-day trial to get started.
