Why it’s hard to get a single view of regulatory data

To make data-driven decisions you need easy access to the data, a single view of the data. However, there are several reasons why this can be very hard when working with regulatory data.

• Different systems from different business lines and departments and regions have different types of data that don’t communicate with each other.
• Different regulatory bodies produce data in a variety of formats including websites, proprietary data feeds and other publication notices in multiple languages, from many locations globally.
• Regulatory data is not categorised, but is complex and multi-faceted requiring analysis from multiple departments
• Legacy systems struggle with pulling in data and regularly have to have the data entered manually.
• A single view is only as good as its ability to serve up granular access to the data within it.
• Regulatory data is both difficult and time consuming to manipulate into a single usable format.

A SINGLE VIEW IS HARD BUT CORLYTICS MAKES IT EASY.

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