This was a new engagement from a document capture perspective but for an established client; one of the largest financial services providers in the world. Initially we devoted a large amount of time to truly understanding the clients’ regulatory concerns and how they manifest with regard to their documentation storage and indexing – before developing a solution.
Dodd-Frank and other recent regulations meant that our client required a greater understanding of its OTC derivative environment; to be able to extract clauses on a risk basis; categorize and report for legal and regulatory risk but also things like type and geography; to do this in real time.
We deployed Capture.IQ for processing, storage and reporting, minimizing expensive intensive labour. Each rule set had to be carefully considered to maximize data capture and enable robust analysis and reporting – as is often the way we start with a base but what we develop is client bespoke.
We have extensive regulatory remediation experience and leveraged this in developing the technology and also the overall process. We created a structured, secure, searchable Client Data Repository.
We were directly accountable for quality and accuracy and employed a two stage process featuring a strong people expert component as well as technology.
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