1 June 2016
Banks Turn to Software to Ease Stress as Regulations Tighten Around the Globe
By Emma Dunkley
The Financial Times features commentary from Cliff Moyce, Global Head of the Financial Services Practice at DataArt, on the role of technology in optimizing the processes of regulatory compliance.
“There are huge regulatory costs and overheads, which are something of an issue for banks,’ says Cliff Moyce, global head of finance practice at technology consultancy DataArt. ‘Banks are using screening software, plugging in extra IT tools to core systems to pick up any activity that might not be compliant ...you don’t want to screen everything but you don’t want to miss anything."