Data-Driven Financial Services Compliance

Understanding the opportunity

White Paper

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Chapter 1: Facing an enormous challenge

How compliance has become increasingly complex and costly.

Chapter 2: Seeing things from a new perspective

The challenges that boards, C-suites and compliance teams face.

Chapter 3: Thinking about technology strategically

The role of technology in addressing regulatory challenges.

Chapter 4: Taking the next steps

Making a business case for digital transformation within compliance.

Executive Summary

Compliance teams are having a torrid time of it. Regulatory change is happening in such volume and so quickly that teams can be excused for feeling as though they are being asked to run a marathon at the speed of a sprint.

There are too many projects, a scarcity of resources, and key issues that seem unsolvable. And this was before Covid-19 hit the financial services sector, adding on the challenges of compliant home working and pulling together required reporting when processes are manual.

This white paper explores key challenges around regulatory change that compliance teams within financial services are facing today. It then considers a fresh approach to understanding what lies at the core of these issues, and suggests ways in which digital transformation, with its focus on data quality, has a role to play.

It is clear that the way that financial services firms are approaching the challenges created by regulatory change isn’t working, and that a new approach is needed. However, tackling the issues created by regulatory change through digital transformation, opens possibilities for compliance projects to deliver business value in new ways.

Download whitepaper to learn about:

  • The key challenges surrounding regulatory change that financial services firms are facing today.
  • What lies at the core of these issues.
  • How can firms address these challenges.
  • Ways in which digital transformation, with its focus on data quality, has a role to play.



“As compliance teams face growing regulations and an increased volume of data, the industry needs to change its approach. Adopting a data-first strategy, which focuses on accurately capturing, normalising and storing both structured and unstructured data on a unified platform offers an efficient, scalable and future-proof response to regulatory compliance.”


Matt Smith (circle)

Matt Smith, CEO, SteelEye

Key Findings

Compliance teams can solve a range of challenges associated with regulatory change by adopting an approach that’s rooted in digital transformation, and specifically, the enhancement of data quality.

Getting the data right is foundational to all digital transformation projects. This involves making sure all data is correctly sourced, cleaned and normalised, and automating these processes through the use of technology.

Beyond regulatory compliance, this also provides the opportunity for compliance teams to contribute proactively to their organisation’s overall data management, insight and analytics.

After all, much of the data that’s needed to comply with EMIR, MiFID II, MAR, SMCR, operational resilience guidance and SFTR is also data that can be put to other, value-generating uses.

This is an important win-win for compliance teams, which can help them build relationships and enhance engagement with key parts of the organisation.


Adopting a data-centric approach to compliance can solve your regulatory challenges and deliver enhanced value to your organisation. Start your journey:

Download white paper