We see three major challenges that persist for firms in the production and analysis of their regulatory reporting:
Data Robotics Solution has a Regulatory Reporting application. Regulatory reporting is labour intensive, includes repetitive tasks and manual processes that take considerable time. Scarce, qualified individuals are frequently performing manual and repetitive tasks such as:
Our solution is flexible and recognises that not all processes need to be automated at the same time; and that there are degrees of sophistication as firms progress towards more fully automated and ‘intelligent’ solutions. This ranges from straightforward task-based automation, through to more complex rules-based orchestration of multiple tasks and applications, through to a future state of machine observation, learning and self-correction.