Prolifics, a global technology solutions provider, this week announced the launch of its new Banking Regulations Compliance solution.
"We understand how difficult it can be for financial institutions that are beginning to implement a risk management program to support the reporting requirements for regulatory compliance," said Mark Rowan, head of information management and analytics at Prolifics. "Our Data Governance practice has leveraged its governance and financial expertise to develop over 3000 data rules that address more than 15 distinct quarterly and monthly schedules, along with industry best practices and proved methodologies to make the compliance process easier and faster for our clients."
The Prolifics Banking Regulations Compliance solution addresses Enhanced Prudential Standards (including DFAST and CCAR reporting), Dodd-Frank, Capital Planning, and Basel BCBS 239 regulatory mandates for financial institutions that are at the threshold or nearing the threshold required for regulatory compliance reporting. Prolifics works with clients to establish an enterprise risk management program that continuously monitors and analyzes their data for completeness, accuracy and compliance to make audits faster and less expensive, giving them the agility to make better business decisions as the market evolves.