Macro Global’s SCV Approach and Implementation
SCV Forza created and automated the rules and handled the data that drive the process with good quality data and accurate customer information.
Over the decade, the concept of a single customer view is nothing new, but the current atmosphere has made it imperative for financial institutions and the financial control bodies like FCA and PRA regulates the organisations to mandate that the single customer view becomes a reality within a specific timeframe.
It’s clear that UK businesses are aware that they need an authoritative Single Customer View if they are to thrive and strive within the challenging and dynamic market conditions and achieving the objective has not been so simple.
The cornerstone of a single customer view is the ability to identify all the accounts and products held by a customer by classifying, segregating, consolidating their exposure to arrive the compensation limit. Every customer must be treated as an individual and not a sequence of disconnected accounts by validating their eligibility for compensation through stringent regulatory parameters.
In this business case, we will discuss about stellar SCV implementation process of “SCV Forza – FSCS SCV Automation Platform“, how it was achieved, how it benefited our client, and how we succoured their regulatory compliance through enhanced service and support.
A solid strategy narrows the focus of organisation and lays the foundation for development. Understanding the importance of a strategic approach is a barrier and getting it right is the challenge.
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