PaceMaker / Risk and Compliance
PaceMaker monitors the receipt, content and quality of inputs. Therefore, it assures completeness, accuracy and timeliness of outputs.
The illustration below shows a simple example of how PaceMaker's monitoring capabilities can be deployed in the area of regulatory reporting - monitoring the timeliness and accuracy of every stage of the process and the quality, timeliness and completeness of data used within the process.
Specific Benefits of PaceMaker in Risk & Compliance
- Real-time visibility of the entire Risk Reporting process demonstrates effective compliance procedures
- Earliest possible warning of errors allows for the earliest possible correction of any aspect of the process - delays, wrong or missing data
- Intermediate checks into the quality of data in order to avoid the situation of waiting for downstream systems to report errors or, worse still, to fail to complete or indeed, to unwittingly provide erroneous reports.