Demo: Accelerate compliance and master financial and privacy regulations with IBM Knowledge Catalog

Financial institutions are obliged to comply with an extensive set of privacy, financial reporting and capital adequacy regulations such as FINREP, Basel/BCBS 239, GDPR, and CCPA. However, the competing demands on resources impair the efficient management of these regulatory requirements. It is, therefore, imperative for these organizations to establish an effective governance framework to integrate regulatory compliance requirements with their business information.

IBM Knowledge Catalog offers organizations a self-service platform to catalog, govern and protect their data with specific capabilities designed to simplify data privacy management and regulatory reporting. We recently hosted a webinar with our clients and partners where IBM experts talked how financial organizations can establish a comprehensive Data Governance and Enterprise Information Management framework to support their regulatory compliance requirements for areas such as FINREP and GDPR and how this could be extended in the future to address other areas such as Basel, DORA, and ESG Reporting.

Key topics covered: 

• ·       Streamline data steward tasks using industry-specific vocabulary provided by Knowledge Accelerators for Financial Services to fast track the identification and classification of financial and privacy data
• ·       Assist compliance officers with documenting the financial reporting requirements of FINREP so they can be used to refine project scope
• ·       Define policies and governance rules to facilitate privacy compliance
  Create data quality rules to validate the data to the regulatory standards
• Use dashboards to convey technical and business information on data lineage, regulatory data overlap, changes in regulations, location of personal data etc. to business users