Regulatory change management continues to be a key challenge and risk, with financial firms having to update operating models and technology solutions to help with this issue and support their firm’s business strategy.
Managing Regulatory Risk
If companies want to manage regulatory risk well, their technology solution needs to have four functions:
- up-to-date data auto-routed
- automatic feature updates (‘push’ technology)
- the fastest deployment time
- visibility, allowing firms to support decision-making
Current Options Do Not Necessarily Have These Functions
However, the four current options available do not necessarily have these functions:
- Spreadsheets, email, or other desktop applications
- In-house build solution
- Deployed on-site solution
- SaaS solution
Please click here to read this article in full, including ‘the spreadsheet dilemma’ and a useful Checklist for regulatory change management.