Cut through the compliance chaos of Finance Industry regulation with Information Governance
Why Non-Compliance is an issue for Financial Services
Growing fines, rising business risks, and more reputational damage mean that the costs of non-compliance have increased in the finance sector. With greater scrutiny and accountability being demanded from industry leaders, finance companies are seeking better systems which can assure a reduction of the risks and costs associated with corporate information, while still leveraging its business value.
Information Governance Benefits to Financial Services Institutions
Information Governance through OpenText ECM and Discovery Suites offer finance industry organisations solutions which deliver rigorous compliance to regulation, access to vital records and information trails, and defensible deletion strategies to reduce the costs of maintaining and managing low value or unnecessary information.
Deployment of a sound Information Governance strategy and the right Enterprise Content Management (ECM) solution can turn unstructured content into meaningful information that can help optimise business performance.
Information Governance makes it easy for financial institutions to effectively use and manage all their enterprise assets resulting in:
- A single solution for managing information throughout its lifecycle and achieving a sound Information Governance strategy
- Increased efficiency and reduced costs
- Improved compliance and risk reduction
Global Risk Management in the Finance Industry - Deloitte Survey
It’s no secret that regulatory compliance mandates are increasing worldwide—and the financial services industry has seen some of the biggest impacts. According to a recent Deloitte survey of financial services institutions, 65% reported an increase in their costs of regulatory compliance.
Read the Deloitte Financial Services Survey and Report
"Global risk management survey (8th Ed). Setting a higher bar"
Discover more resources to help you understand the importance of Information Governance to your Financial Organisation.
Enterprise Content Management
Discover how and Enterprise Content Management solution can help with your Information Governance needs.
Speak to one of our solutions specialists to see how an Information Governance program, ECM, or Discovery solution can be deployed for your Financial Institution.