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Fortifying Regulatory Compliance: Coforge's Data Engineering Expertise Optimizes Risk Management for Major UK Bank

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Overview.

In the complex landscape of financial regulations, a major UK bank faced challenges in maintaining compliance with European Central Bank (ECB) regulations for mortgages, banking, and unsecured personal loans. The bank sought to enhance regulatory adherence and mitigate risks by improving data quality, reducing manual efforts, and simplifying compliance workflows. Coforge partnered with the bank to implement advanced data engineering solutions, transforming their approach to regulatory compliance. 

Challenges.

  • Upgrading risk metrics calculations for diverse loan portfolios 
  • Implementing robust data controls for aggregated data from multiple sources 
  • Ensuring data quality to minimize risks in regulatory reporting 
  • Maintaining compliance with ECB regulations across various financial products 
  • Reducing manual efforts in compliance processes 

Solution.

Coforge implemented advanced data engineering initiatives: 

  • Scalable Infrastructure: Leveraged 100-node big data infrastructure for performance 
  • Parallel Delivery: 10+ Coforge experts designed and supported 100+ big data pipelines 
  • Test-Driven Development: Implemented thorough testing for complex logic 
  • Data Quality Controls: Introduced comprehensive controls for data reconciliation 
  • Automation: Reduced manual efforts in uploading parametric and adjustment tables 

Key highlights: 

  • Advanced big data infrastructure for scalability 
  • Parallel delivery approach for efficient pipeline development 
  • Comprehensive testing and data quality controls 
  • Automation of manual processes 

The Impact:

100% 100% Significant
Adherence to Regulatory
Deadlines
Achievement of Regulatory
SLAs every Month
Reduction in Manual
Efforts

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