FIS Modern Banking Platform
Advance your bank with a modern core platform.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
FIS Modern Banking Platform
Advance your bank with a modern core platform.
Data Restore
Protection from disaster.
Code Connect
The power of APIs with the scale of FIS.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
FIS Private Capital Suite
Data Exchange Solutions.
IFRS17
The right strategy for transformation.
Commercial Lending
Speed up the decision process.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Worldpay is now FIS. Your experience is our top priority. We’re here to help.
Harry Stahl | Director, Business and Solutions Strategy, Capital Markets Solutions, FIS
March 30, 2020
Regulation is complicated and demanding, even in a predictable environment. The pressure and stress rise exponentially in the midst of volatile and uncertain conditions like we’re facing today, and it becomes even more important to spend your dollars wisely.
But too often, when people think about regulation, they throw people and tools like spreadsheets at each requirement. Sometimes they’ll pull in a niche technology provider for a particular problem. But if you take a step back, you’ll see that it’s not just a question of running an isolated calculation. Compliance is really a broader technology problem.
Each calculation has an operation around it and has data coming into it from various sources. And even if another regulator asks for a similar calculation, it won’t be identical. How do you make compliance repeatable and sustainable? You must approach it as an organizational problem and consider your technology ecosystem, including third parties such as your market data and technology providers as well as your own organization and processes.
So don’t just look for smart new tech. It may appear to be brilliant, but if you don’t have the data and operations under control, you won’t get the best results. Start by thinking about process and systems. What will be useful, not just clever? With that broader view, you can also identify where you can find value out of your investment in RegTech.
So with one exercise, you get multiple benefits:
The guy with the smart widget probably has smart stuff. But combine that with knowledge and control over your data and systems plus services to operate parts of that for you, and you can make even smarter choices.
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