Financial Services covers a broad range of categories; Investment Banking, Asset Management, Wealth Management, Retail Banking etc – all with their own specific needs and issues. But underlying all their activities, is the need to have confidence in their data sources.
Being able to quantify inaccuracy, provide a full audit chain and perform data lineage analysis is key in Financial Services.
Without the confidence that the underlying data is accurate, there is no confidence in KYC, risk analysis, trade analytics, regulatory compliance with MIFID, EMIR, GDPR and all the rest of the broad range of ever-evolving regulatory requirements. Financial Services not only need to be seen to be adhering to regulations, they need to prove to the regulators that they are meeting regulatory requirements.
Pomerol Partners has a team of consultants who specialise in Financial Services data assurance.
Our consultants use a number of innovative tools and platforms to help financial services institutions identify the flaws in the data that lead to multiple versions of the truth, and then recommend fixes that maximise data quality and help quantify the gaps. By doing this we help Financial Service institutions gain confidence in the information and KPI’s they produce, and help operational evidence based decision making.
Successful Use Cases
Internal Fraud and Compliance analytics console for a Global Private Bank
The solution was to assist the internal audit team to identify potentially fraudulent activity by staff and customers based on a complex set of validation and scenario triggers. The solution was implemented on-time and within budget.
Tier 1 Forex Payments Reporting
We have implemented a greenfield reporting solution to a Tier 1 Investment bank. The solution helps the client with the analysis and reporting of FX payment data across the banks many bespoke payment systems. Further work in this area include “what-if” scenario analysis for client pricing and also regulatory reporting.
Our Consulting Services
We are a data-centric consultancy and one of our enablers is our specialist knowledge in a range of technologies. We combine our strategy, technology and management consulting expertise to help you optimise your data ecosystem for your business information and reporting. Let us help you turn your data into a competitive advantage.