Micro Focus helps financial services and insurance organizations achieve compliance, reduce cost and mitigate the risk of fines or sanctions, and increase productivity as well as profit.
The pace of change in the financial services industry and regulatory environment has accelerated rapidly. Demand for mobile apps, deposits, and transactions are rising, and marketers are looking for Big Data solutions to expand business opportunities. In a recent industry survey conducted by ALM Legal Intelligence, financial industry executives identified three important gaps requiring attention.
Micro Focus Big Data solutions help financial institutions plan for, and successfully manage, shifting market trends and regulatory changes. We will help you meet your compliance obligations, properly respond to investigations, mitigate risk, and minimize operational costs by gaining insightful context into your organization’s most valuable asset—enterprise information.
Meet regulatory requirements and improve information governance.
Leverage advanced analytics to predict future performance by assessing past performance.
To meet compliance demands, you need information fast, but legacy systems can’t manage the growing volumes and diversity of data. You need an information governance solution to help you access, understand and use all your data. For a general understanding of how to achieve compliance and mitigate risk for Financial Services, read the overview brochure below. To learn more about our solutions for specific industries see the following:
Solution Brief: Information Governance for Insurance
Solution Brief: Information Governance for Banking and Brokerage
Solution Brief: Information Governance for Asset Management
Three challenges facing financial services are external. The fourth is self-inflicted: trying to manage modern business using old tools. This Frost & Sullivan report details how SQL analytics and Big Data financial services will bring you into the new digital world.
“IDOL has helped to automatically search for and extract key concepts from a massive amount of text, video and audio data on a daily basis. This has significantly enhanced user experience and productivity, quality of information and reduced operating costs.” — Zhou Qing, research and development engineer, Xi’an Panorama Data Co., Ltd.
Financial services organization, China PnR, suffered a data explosion and its existing tool could no longer cope with loading and aggregating data and performing real-time queries. China PnR used Micro Focus Vertica to build a data warehousing analytics platform.
“Micro Focus Vertica implementation facilitated the generation of compliance and audit reports. Formerly, the supply of bulk reports was a time and human consuming job, whereas it takes minutes now.” — Erdem Alasehir, Consulting Security Designer, Finansbank
A global bank needed to get consistent search and retrieval results—globally and at scale—to ensure compliance. Its new record-keeping system gives it simplified and reliable information management, e-discovery, communications supervision, and enterprise content management.