Large US Bank Leverages CUBE to Identify and Remediate Gaps in Inventory
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Published November 17, 2022
This large, US bank was using a legacy regulatory change solution. While it used automation, it was not efficient and only captured around 60% of the bank’s total regulatory obligations. Because of this, the product still required a high degree of manual input to capture missing regulations, provide supporting narrative, and map it to relevant internal policies and controls. As well as this, a third-party legal service provider had been brought in to map regulatory change to the company’s policies, procedures and controls.