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regTech product CBD (Compliance by Design) for the Corporate & Investment banks

 

CBD (Compliance by Design) is the regTech product for the corporate and investment banks that further enable them to deliver towards their purpose more powerfully. It sits outside of the std. NZ Transition Plan, and is a key part of Corporate & Investment banks' systemic change for their Just NZ Transition at the same time become sustainable for the long term. It solves these bank’s challenges in complying with regulations, solves their core issues of data silo, measures credit risk and compliance risk more accurately and discretely, integrates ESG metrics, brings more agility, creates a bank-wide MIS etc and thereby helps the bank to become more robust, clean, purposeful and sustainable for the long term.  The bank becomes more robust through enhancement in its risk management practices wherein it has rolled up views of its risk data at various levels leading to the bank’s balance sheet level that is collated from its accurate and discrete risk data at the transaction level arrived at through Data Science models. This decision-worthy risk data’s availability at various levels shifts the culture and makes it more risk-focused.  Also, the compliance risk data is available at the click of a button, and continuous online monitoring of transactions enables the bank to act in time against any suspicious activity. The ESG data that comes from various data points can be integrated into the DS models for their more accurate predictions of the creditworthiness of businesses. Business processes with embedded risk data and other information they need to service their business needs enhance their agility. All these lead to the bank becoming more robust, clean, purposeful and sustainable for the long term. Thus these banks are better prepared to respond to their responsibility and power to steer the economy towards one that is climate-friendly, inclusive and sustainable for the long term.

 

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