Since 2008 the world has seen a marked upshift in regulation across many sectors. This has, in turn, put a great deal of stress on the financial services industry, with vast sums of money and intellectual capital being spent struggling to keep up. Some companies have been fined, others are expecting to be, but in all cases, the money spent on fulfilling these requirements has been drained from other parts of their respective organisations.
The challenge now is to return to the new norm of being able to satisfy the regulators and also allow businesses to react quickly to change.
Solidatus is a key part of the solution, knitting and consolidating the data economy to collaborate, take care of critical data elements and to free up time. In many ways regulation may be the biggest blessing for businesses, not only will it return trust to many maligned sectors, but it will have mandated good house-keeping and give a real boost when it comes to driving increased revenues through change.
VISUALISING REGULATORY LINEAGE
Solidatus focuses primarily on the increasingly regular and critical theme of data lineage. Only after an organisation understands its data, and its data provenance, can it begin to consolidate and harmonize. Solidatus allows organisations to provide detailed and complex data lineage in a visual form that provides a richness and depth of detail that other reporting methods cannot.
Whether being used for CCAR, BCBS239, FRTB, GDPR or AML, Solidatus supports organisations in their efforts to reduce the burden of regulation by providing operational transparency, reducing risk and costs.
Solidatus enables organisations to move from being reactive to proactive in their efforts to be compliant.
Simple to use
The intuitive and simple web interface is easy to use and requires little training.
IDENTIFY MISSING DATA
Immediately start modelling and easily identify where additional discovery is required.
Solidatus is a browser based application and it can be up and running in the cloud in minutes.
Accelerate discovery by sharing parts of the models to identified system experts to fill in the detail.
Solidatus has been engineered to provide organisations with the perfect tool to visualise their data landscape.
Solidatus is being used to:
Be proactive rather than reactive towards regulatory requirements including BCBS239, CCAR, DFS504 and GDPR.
Understand your organisation’s data flow in order to plan change, analyse its impact and future-proof your data ecosystem.
Coordinate, control and plan change throughout an enterprise regardless of the type of system, the data in use, where it is or who owns it.
Reduce redundancy and misuse of data by ensuring that all data is catalogued and owned, with the correct lineage to easily spot anomalies.
Award-winning Solidatus is empowering enterprises globally to accelerate their understanding and optimisation of their data and organisational processes. The Solidatus methodology for digitally transforming organisations to be data-centric and lineage-enabled is changing how businesses discover, document, map and manage their data.
Solidatus is a member of the EDM Council.