Where there is data, there is regulation. Most financial institutions including banks and insurance companies deal with a complex web of external, local and global regulations, all requiring them to submit regular reports about their business to comply with KYC, AML, CFT, and other regulations..
However, due to obsolete IT infrastructure, data silos, and lack of data taxonomies, and manual processes, meeting these regulations proves to be a far more challenging task – and financial institutions are not prepared.














