Compliance organizations are under pressure as regulations, such as Dodd-Frank, MAR and MIFID II continue to demand greater transparency, oversight and surveillance of the entire trade lifecycle. Meanwhile, budget increases for additional headcount and capabilities that meet these regulatory demands are not always easy to come by.
Because of this, leading financial institutions have turned to technology to make dramatic improvements in their compliance capabilities. Cognitive computing is driving a virtuous circle of holistic surveillance, adding analysis of electronic communications to traditional trade data monitoring. The result is a conduct surveillance solution that delivers unparalleled surveillance accuracy and precision at the same time as reduced compliance costs.
Forrester, one of the world’s foremost technology analyst firms, has conducted an in-depth Total Economic Impact™ study of the Conduct Surveillance solution offered by Digital Reasoning. Its conclusions, based on assessment of a real world project, are essential reading for compliance officers and analysts: double return-on-investment in four months and the inefficiency of false positives cut in half.
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