Data analytics transform unstructured data into actionable insights. The same techniques can also be applied in business. With the right technical support, analytics tools can help companies ease the pain of compliance and uncover untapped potential. Banking is a case in point. Financial services organizations save vast quantities of data, which are often underutilized – or at worst completely untouched.
False positives: A harsh truth Alongside a string of compliance developments in recent years, companies still have the same old issues to deal with. False positives are one such serial offender. To avoid missing any critical hits, compliance systems tend to strike early, triggering false alarms. Weeding out these false-positive results can take up a substantial chunk of a compliance