Financial Services

Financial Services firms from Regional Banks, Commercial Banks, Insurance, International Banks, Private Equity, Venture Capital, Depository Banks, Investment Banks, and Brokerage firms are all challenged with leveraging information and data technology solutions to improve performance and comply with a wide variety of industry regulations including:

Securities Exchange Act
Generally Accepted Accounting Policies (GAAP)
Financial Accounting Standards Board (FASB)
Community Reinvestment Act
Federal Depository Insurance Corporation (FDIC)
Consumer Financial Protection Bureau
Dodd Frank
Sarbanes Oxley (SOX)
Bank Holding Company Act
Federal Reserve
Federal Depository Insurance Act (FDIA)
US Treasury
Interstate Banking Act
Gramm Leach Bliley Act
Depository Insurance Fund (DIF)
US Treasury Office of Foreign Asset Control (OFAC)
Investment Advisors Act
Federal Reserve Boards
USA Patriot Act
Federal Open Market Committee (FOMC)
Security and Exchange Commission (SEC)
Electronic Funds Transfer Act
Payment Card Industry (PCI) Standards
Durbin Amendment
Financial Stability Oversight Council (FSOC)
Volker Rule
Home Mortgage Disclosure Act
Fair Credit Reporting Act
Fair and Accurate Credit Transaction Act
Truth in Lending Act
Real Estate Settlement Procedures
Equal Credit Opportunity Act

This is only a partial list of the governing bodies, acts, and regulations that financial services firms must contend with. Of course, the compliance challenges compound the challenge of simultaneously building trusting relationships with clients and leveraging technology to improve business performance. At Datastrong, we help clients design and implement information solutions to better utilize data to inform compliance, risk management, and analytic decision making. With deep domain expertise across the financial markets, and proven technology solutions, we help clients reduce risk, and build stronger customer relationships. Find out more by contacting a member of our team.