As well as being the common component in the majority of banking IT applications, counterparty static data is an area subject to increasing regulatory scrutiny. In order to minimise the operational and reputational risk of a financial institution, it is necessary that its counterparty static data is created, checked and maintained according to well-defined, auditable workflows.

Ballintrae consultants have the experience of the design and implementation of data quality applications to ensure that client data - from addresses to SSIs - is captured, approved, verified, persisted and maintained reliably.

When faced with a counterparty static landscape containing duplicates and errors, we are able to design and implement workflow applications which can be used to clean up data in an auditable manner.

With new regulators’ AML, KYC and compliance directives being introduced and updated frequently, Ballintrae recognises that counterparty static data applications and their surrounding data quality workflows must be auditable, yet flexible enough to keep up to the pace of the rapidly-changing regulatory environment.

For more information on the services we provide in the area please contact us on 020 3162 7070.