Introduction
A crucial factor for the successful implementation of nearly every regulatory requirement for banks is the robustness of the underlying IT infrastructure and the availability of high-quality data.
Furthermore, the ECB is increasingly concentrating on the collection of detailed data from their supervised banks to enable the calculation of Key Performance Indicators (KPIs) and the derivation of facts from their own analyses.
This emphasis underscores the growing significance of data management and IT capabilities within banks. This trend is directly influenced by regulatory mandates such as BCBS 239 or the General Data Protection Regulation (GDPR), and also serves as a fundamental driver for meeting other steering and reporting requirements.
Challenges
- Reliability
- Actuality
- Appropriateness for the addressee
- Scalability and Flexibility
- Complying with regulatory standards
Reliability
Establishing stable processes that are less prone to errors, ensuring high data quality, and achieving reproducibility with comprehensive characteristics.
How we can help
PwC has supported numerous banks in various IT & Data Management related projects.
As a leading consulting firm, we can work closely with your organisation to deliver high-quality outcomes across all aspects of IT & Data Management. We can also advise on value-adding initiatives, identify areas requiring enhancements, and support clients on ensuring compliance with regulatory requirements.
We can assist you with the following topics:
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