ONB
SITUATION

A top-tier regional bank faced challenges in managing data consistency, compliance, and governance across its multiple business units. With increasing regulatory reporting and the need for reliable data-driven decision-making, the firm sought a robust Data Governance and Regulatory Reporting Framework to enhance data quality, security, and compliance.  

Regulatory compliance risks (e.g. CFPB, FFEIC, OCC HS)

 

SOLUTION

Datalogiq collaborated with the client to implement a comprehensive Data Governance Blueprint and Certification Framework. This initiative involved developing a robust data governance framework with industry best practices, and aligning data governance with financial regulations to mitigate compliance risks. Additionally, the adoption of CoComply facilitated report inventory management , ,clear data stewardship roles across business units and certification.

IMPACT

  • 30% improvement in data quality scores across critical financial datasets 

  • Enhanced regulatory compliance, reducing audit risks by 40% 

  • Eliminated data silos, improving cross-functional data sharing and reporting efficiency 

  • Established a scalable governance model, ensuring long-term sustainability and adaptability to evolving regulations 

 
Creating a compliant regulatory reporting methodology in banking with CoComply
SITUATION

The leadership of a community bank needed a comprehensive risk assessment process to confidently report to regulators and demonstrate a full understanding of their risks. After receiving costly proposals from other providers for assessments and software, the bank's leadership chose Datalogiq 360’s CoComply platform as a more cost-effective and streamlined solution.

SOLUTION

Datalogiq 360 partnered closely with key personnel to conduct a thorough risk assessment across the enterprise. By leveraging CoComply, the bank developed a robust internal risk management practice with 15 critical areas for monitoring, aligning with the rigor required for regulatory risk reporting. CoComply’s framework also helped the bank identify 43 newly recognized gaps, enabling them to prioritize mitigation activities and establish an efficient, scalable process for ongoing risk management and compliance.

IMPACT
  • Streamlined risk assessment process, reducing the cost and complexity of traditional solutions.
  • Enabled the bank to confidently meet regulatory requirements for risk reporting.
  • Established a robust internal risk management practice with 15 key areas for monitoring.
  • Identified 43 new risk gaps, allowing for prioritized mitigation efforts.
  • Improved ongoing risk management and compliance through CoComply's automated framework.
  • Enhanced the bank’s ability to efficiently manage and report on regulatory risks.