Compliance technology: Challenges, opportunities and what firms want
Key findings include:
- Data management and quality challenges were cited by 33% of respondents as their most acute compliance challenge, followed by legacy and/or outdated technology underpinning their compliance functions
- Half of all respondents see their compliance function as playing a significant role in winning new business and retaining existing clients/mandates
- Half of all respondents have already implemented new technologies such as natural language processing, machine learning and behavioral analytics to support their compliance functions
- When vetting compliance partners, firms most value experienced staff members who understand regulatory mandates and how they impact day-to-day operations
Download the whitepaper
Register for free access to hundreds of resources. Already registered? Sign in here.
More related resources
How North American Capital Markets Firms Derive Maximum Insight from their Data and Analytic Tools
This report, based on a WatersTechnology survey commissioned by TIBCO and completed in January 2021, focuses on North American capital markets firms and assesses their drivers for developing and deploying data management and analytics tools.
Market Data Management Challenges—Spend, Usage and Compliance
One of the industry’s worst-kept secrets is the extent to which buy-side and sell-side firms of all sizes struggle to effectively manage their market data spend, usage and compliance.
SaaS and the evolution of cloud-based data management
In this white paper, we provide an overview of the evolution of cloud-based technology in the data management space; we assess the benefits of the most commonly used deployment models; we set out our own vision for the future based on a software-as-a-service (SaaS) model; and we explain the journey we are on to deliver increased value for our clients, including the end business user.
The Buy Side and the Cloud - Time to Make the Leap
Cloud-based technologies and services are now on buy-side firms’ radars more so than at any point in the past.
Compliance Technology - Challenges, Opportunities and What Firms Want
Governance, risk and compliance (GRC) requirements are a necessary evil of the industry and are one of the costs of doing business for all capital markets firms.
