FSCS – SCV Reporting Challenges & Bottlenecks for Foreign Banks in the UK
FSCS SCV Automation & Audit Platform addressed the top challenges and bottlenecks faced by the financial institutions.
During any major marketing conference, you will hear marketers across the audience and dais talking about regulators knocking all entries and exits of the banks for aggregated data to support Single Customer View and comply with the wider spectrum around the Regulatory reporting.
The SCV, as a notion is not new to financial services having thrived on this foundational philosophy for nearly three decades with constant recasting and relentless reforms from the regulators. However, on the other hand, the marketplace worldwide is facing the challenges of not having a perfect SCV solution and support system in place to match the high-level benchmark set by regulators.
Without having a Single Customer View application and real-time insights in place, organisations struggle to deliver renown outcomes and may even result in dissatisfaction and even churn.
Let us look at the top 3 challenges and the resultant bottlenecks faced by the financial institutions.
FSCS - SCV Reporting Challenges & Bottlenecks for Foreign Banks in the UK
Our Regulatory Reporting Solution and Data Governance Support for Foreign Banks in the UK