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Data management is not only a focus of interest for regulators but also one of the biggest competitve enablers. We support our clients in all their projets related to data: design IT architecture (BCBS 239) or more innovative solutions (data scraping, data mining, ...)
Sia Partners helped a European tier 1 bank to comply with BCBS 239 principles.
Sia Partners was asked to support the implementation of the BCBS 239 principles. The work was carried out on 5 key challenges that the banks encountered in their program:
Sia Partners relies on expertise in the field of data management in order to carry out an analysis for clients, while respecting a short deadline. Identifying the client's complex system architecture, Sia Partners collaborated with key players to define a data dictionary and target system architecture that not only complied with BCBS 239 requirements but also met the longer-term requirements of a complex and growing organization.
We also enabled the realization of organizational governance and share buyout. This was made possible through the establishment of a dedicated knowledge transfer function that designed, organized, and led workshops and training sessions, as well as using other knowledge transfer channels to communicate not only the requirements but also the benefits to staff, resulting in greater buy-in and accountability.
As a testament to the work we did and our BCBS 239 expertise, the bank was able to learn about the BCBS 239 requirements in their entirety. In particular, Sia Partners assisted the bank in: