WOLTERS KLUWER, IDC TO SHARE GRANULAR DATA REPORTING EXPERTISE

KUALA LUMPUR, Nov 18  -- Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR) is set to host a webinar devoted to discussing the Granular Data Reporting (GDR) mandates issued by regulators in the Asia Pacific region.

According to a statement, the webinar, ‘GDR 101: Most frequently asked questions now answered’, will take place at 2pm SGT Tuesday, Nov 23.

With the introduction of GDR, regulators across Asia Pacific continue to elevate their expectations from financial institutions to achieve more transparent and seamlessly integrated data. As transformation sweeps the region, most banks are using this regulatory overhaul as an opportunity to step back and re-evaluate their strategies to be better prepared for a smooth transition to GDR.

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Representing Wolters Kluwer FRR on the webinar is Subbaiyan Vaithinathan, Director for Regulatory Reporting & Anti-money Laundering (AML), Asia Pacific. He will be joined by Michael Araneta, Vice President, IDC Financial Insights.

Their discussion will explore the key market trends, burning issues and challenges for banks along their journey towards GDR compliance in Asia Pacific. Other key topics that will be covered during the webinar include frequently-asked questions about GDR, predictions for 2022, lessons learned from Europe, and GDR compliance progression across different countries in Asia Pacific.

“Compliance with GDR standards is a fine balancing act for financial institutions. Besides staying compliant, organisations need to build a long-standing infrastructure that is forward-looking and resilient to new regulatory changes. To start the ball rolling, a big shift in cultural approach is required,” Araneta noted in a recently published IDC InfoBriefs article.

The InfoBrief, sponsored by Wolters Kluwer and titled ‘RegTech in Asia Pacific: Supporting the trend towards Granular Data Reporting’, features further insights on the subject.

Subbaiyan is a strong advocate for incubating disruptive and innovative technologies in the Regulatory Reporting space. He is a hands-on technology leader with more than 15 years’ experience, with 10 of these at Wolters Kluwer FRR across Asia Pacific (Singapore, Hong Kong, Australia & India) in a variety of leadership roles.

-- BERNAMA