PwC's John Sabatini discusses how data analytics can mitigate risk and increase efficiency for businesses facing a complicated regulatory environment.
The regulatory environment and the compliance data it requires can pose steep and costly challenges to any business.
Ideally, organizations want to leverage this mountain of data beyond compliance to reduce risk and boost returns. But it’s hard for most companies to do this quickly and efficiently on their own.
That’s where PwC comes in. By helping you create a holistic approach to data analytics we can transform how you meet regulatory needs into actionable, enterprise-wide intelligence.
And we can do it efficiently allowing you to potentially spend less working with PwC than you’d spend using in-house resources. Your margins could benefit from significant data efficiencies.
In sum, PwC can show you how to put your data to work for the good of your business and your bottom line.
Please click on the boxes below for a list of services we provide to organizations across a range of highly-regulated industries, including Financial Services, Healthcare, and Energy (Oil & Gas and Utilities).
Analytical testing and assessment
Using advanced analytics to improve testing (by making it more efficient and comprehensive):
100% Population Testing
Identify key vulnerabilities and evaluate current performance
Recommend practical changes to systems and processes for subsequent implementation
Impact analysis testing (as a change of line of business, mergers, spikes in activity)
Re-performance (Calculations, Regulatory reporting, error reports, system feeds, financial reports)
End to End system/ process testing
Assisting clients as they design and build internal analytic capabilities:
Organizational change strategy
Test business rules and analytics
Policies and procedures
Apply advanced tuning offering to improve the performance of existing detection models and rule sets
Tool and dashboard development
Designing/ developing continuous monitoring, surveillance, alert management and reporting tools:
Surveillance System Optimization, Tuning and Implementation
Extend operational capabilities and interfaces of existing fraud and compliance solutions and platforms
Key Performance Indicators
Key Control Monitoring
Advanced risk and regulatory analytics
Assisting clients with risk reporting and analytics assessments
Risk and Compliance Assurance
Independent Model Validation
Quantitative assessment and back testing
Upgrading Risk and Analytic platforms
Risk and Finance Data Governance and Integration
Regulatory Compliance monitoring and assessment including CCAR, DFAST, OCC etc.