• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
Meet Banking Risk and Compliance Goals with Analytics-Driven Insight

Meet Banking Risk and Compliance Goals with Analytics-Driven Insight

on

  • 853 views

Is your financial institution prepared to increase risk transparency and minimize losses? Rapid insight via real-time analytics can help you improve visibility, reduce costs, and make the right ...

Is your financial institution prepared to increase risk transparency and minimize losses? Rapid insight via real-time analytics can help you improve visibility, reduce costs, and make the right decisions about your critical risk and compliance issues.

Statistics

Views

Total Views
853
Views on SlideShare
852
Embed Views
1

Actions

Likes
0
Downloads
9
Comments
0

1 Embed 1

https://twitter.com 1

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Meet Banking Risk and Compliance Goals with Analytics-Driven Insight Meet Banking Risk and Compliance Goals with Analytics-Driven Insight Infographic Transcript

    • Meet Risk and Compliance Goals with Analytics-Driven Insight Is your financial institution prepared to increase risk transparency and minimize losses? Make the right decisions about your critical risk and compliance issues – with rapid insight powered by real-time analytics. Can you keep pace with the banking industry’s rapidly changing, complex regulatory landscape? 29 new and amended regulations are becoming effective between 2012 and 20191 Are you getting the insight you need from your Big Data? 8,800 pages of rules make up the U.S. Dodd-Frank Act2 Are you deriving insights from data when and where you need it? 80% 73% of decision makers say having access to the right information at the right time is critical to their business3 of financial services industry executives describe their firm as “data driven”6 53% of organizations report a discrepancy between Big Data availability and their ability to analyze it4 but… 84% believe that the ability to analyze and act on data in real time is the issue7 68% of organizations admit they were caught off guard by an operational surprise in the last 5 years5 By 2015, your global competitors plan to spend: US$35 billion on core risk management and risk-related regulatory compliance in capital markets8 Billions more on risk transformation and data warehouses How do your risk and compliance priorities compare with those of your competitors? Surveyed executives say they are focused on the following: 92% Regulatory compliance and increased efficiency9 66% Enterprise risk management10 53% Risk and finance integration11 Make better decisions with real-time analytics solutions. Create a clear, enterprise-wide view of risk exposure to improve financial results 90% of companies with integrated governance, risk, and compliance have financial results that meet or exceed expectations12 Improve productivity with standardized reporting solutions across the enterprise 70%–85% efficiency improvement with standardized reporting and content13 80%–90% increased efficiency by dynamically updating report content14 Reduce costs with centralized information and analysis 25% reduction in analysis and reporting costs when finance leaders use cockpits or dashboards to gain a timely view of key metrics15 Minimize risk exposure and meet regulatory compliance mandates. Real-time analytics can help you improve visibility, manage risk, and reduce costs. Visit us at www.sap.com/banking/analytics-risk to find out how. Sources 1. SAP Performance Benchmarking. 2. Dodd–Frank Wall Street Reform and Consumer Protection Act, July 2010. 3.–4. SAP Performance Benchmarking. 5. M. Beasley, B. Branson, and B. Hancock, “Current State of Enterprise Risk Oversight,” North Carolina State University, July 2012. 6. “The Deciding Factor: Big Data and Decision Making,” Economist Intelligence Unit, June 4, 2012. © Reproduced by permission of The Economist Intelligence Unit. 7. “The Deciding Factor: Big Data and Decision Making,” Economist Intelligence Unit, June 4, 2012. © Reproduced by permission of The Economist Intelligence Unit. 8. “Strength Under Fire in Risk Management: New Realities, Technology Imperatives, and Investment Spending,” Celent Securities and Investments, February 2012. 9. “Managing Risk and Compliance in Retail Banking,” OVUM, April 2012. 10. SAPinsider Research. 11. “Aligning Risk and Finance in Banks: From Theory to Practice,” Chartis Research, 2013. 12. “2012 Global GRC Maturity Survey,” Open Compliance and Ethics Group, October 2012. 13.–15. SAP Performance Benchmarking. CMP24816 (13/07) © 2013 SAP AG or an SAP affiliate company. All rights reserved.