A Major UK Bank Achieved 100% ECB Compliance and Reduced Manual Effort Using Advanced Data Engineering Framework

Challenges

• Upgrading risk metrics calculations for diverse loan portfolios
• Implementing robust data controls for aggregated data from multiple sources
• Ensuring data quality to minimize risks in regulatory reporting
• Maintaining compliance with ECB regulations across various financial products
• Reducing manual efforts in compliance processes

Solution

Coforge implemented advanced data engineering initiatives:

Key Solution Highlights:

• Scalable Infrastructure: Leveraged a 100-node big data infrastructure for performance
• Parallel Delivery: 10+ Coforge experts designed and supported 100+ big data pipelines
• Test-Driven Development: Implemented thorough testing for complex logic
• Data Quality Controls: Introduced comprehensive controls for data reconciliation

The Impact

• 100 % Adherence to Regulatory Deadlines
• 100% Achievement of Regulatory SLAs every Month
• Significant Reduction in Manual Efforts