Challenge
- Utilizing Moody’s Analytics for Basel regulatory reporting without a data warehouse.
- Difficulties in data handling, transformation and processing delays.
- Increased complexity in meeting regulatory requirements, leading to potential penalties.
Our Approach
- Implementation of a robust data warehouse system utilizing SAS.
- Enhancement of data management for streamlined transformations and data extraction.
- Reconciliation process to reduce processing delays and enable early month closures.
- Agile approach to regulatory changes and implementation of automated compliance tracking.
Outcome
- Improved data processing efficiency within the data warehouse.
- Monthly closure process completed in 5 to 6 working days, compared to the previous 20 to 25 days.
- Reduction in manual intervention through automation, ensuring compliance with audit requirements.
