Financial Services
Data that answers to the business and the regulator.
Financial institutions carry reporting obligations that change several times a year, core systems that predate everyone now working on them, and data spread across platforms built for different purposes. We build and run the data platforms, regulatory reporting and delivery capability that keep those obligations met while the business keeps running.
The challenges
What makes this harder here
Most of these problems exist in other industries too. What changes in financial services is that the deadline comes from outside the organisation, the cost of getting it wrong is regulatory rather than commercial, and the systems involved were built to last decades.
Frameworks that change faster than the systems
COREP, FINREP, AnaCredit, CESOP and the local equivalents get revised annually, sometimes more than once in a year. Every revision has to be absorbed by processes built for the version before it.
Reporting twice, to two masters
A subsidiary of a foreign group reports to its national regulator and to its parent for consolidated reporting. The two contain much the same data and differ in format, scope and rules, so the second cannot be produced from the first.
Deadlines nobody can negotiate
The date is set by a regulator, a merger agreement or the day the old system is switched off. It does not move because the project is having a difficult quarter.
Data quality discovered at submission
Errors found when a return is rejected rather than before it was filed, and then the correction and resubmission effort that nobody planned for.
Domain knowledge held by individuals
Credit risk, treasury, payments, cards and capital markets understood in depth by a small number of people, and documented nowhere that survives their departure.
Modernising while everything stays up
Core platforms that the business depends on daily and cannot be paused for a rewrite, which rules out most of the approaches that would be simplest.
Sound familiar?
Data exists everywhere, but clarity is harder to find.
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Our Services
Better data, better decisions. What we deliver.
We help organisations create reliable, scalable analytics that support every department in your business. From campaign performance to customer lifetime value, we help teams measure what matters.
Smarter data, better business - discover what’s possible.
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Koios builds data platforms, software, regulatory reporting and customer analytics for large organisations, taking data from where it is stored to where it actually gets used.
London Office
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c/o HCR Law LLP
London EC3M 7DQ
United Kingdom
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Croatia
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