Case Studies >> Retail Bank Finance and Regulatory Transformation

Client Type

European Retail Bank

Challenge

The client faced critical regulatory reporting breaches, misalignment between Risk & Finance, and an overreliance on fragmented, tactical compliance solutions. Persistent data delivery issues, high defect rates, and unsustainable costs further compounded their challenges, creating significant operational and regulatory risks.

Solution

We partnered with the Client and a number of other Partner firms to propose and initiate a multi-year Finance Transformation Programme that was to enable, accelerate and future proof regulatory compliance. The programme was also designed to reduce TCO and retire a legacy SAP based infrastructure.

Result

We navigated numerous Client challenges to transform data delivery from a 2-year unreliable waterfall-based approach to a continuous agile based approach that delivered data every 12 weeks. Furthermore, we initiated a number of parallel streams to enable BCBS239 compliance across Governance, Lineaging, Accuracy etc.