Maximize efficiency and performance of your regulatory reporting and tax compliance with modern analytic solutions
With constantly changing tax guidance, growing volumes of data, and increasingly diverse sources of tax data, tax departments are finding it increasingly challenging to keep up with tax compliance requirements and adequately plan for future expenditures. Many tax departments are now finding that maintaining the status quo is simply not acceptable. It’s no longer prudent to maintain outdated spreadsheets of tax data. Velocity has helped clients transform raw accounting data and entries into usable and comparable financial statements and reports is integral to delivering insights to their business.
Financial institutions of all sizes and complexities must face the challenge to meet the increasingly high standards of financial regulators and supervisors. Luckily, there is a technologically powerful solution that institutions can use to gain efficiency and quickly align their model risk management framework to regulatory expectations. That technology is automated machine learning. Financial institutions use automated machine learning to gain efficiency and quickly align their model risk management framework to regulatory expectations.
The General Data Protection Regulation, or GDPR, affects your organization if you process personal data of EU residents — no matter where in the world you are based. Effective since 25 May 2018, it requires greater transparency and increased accountability in your management of personal data.
Leading companies are adopting a security data lake as the single place for all regulatory and compliance data. We provide a cloud data platform that is cloud-built, has a multi-clustered shared data architecture, efficiently stores years of semi-structured log data, and scale compute resources up or down, automatically or on the fly, to meet the needs of your security analysts.