Organisations have understood the requirements under the Consumer Duty Regulations and have produced high level strategies and approaches (e.g. Board Papers) on how it can be met and have begun reviewing products and processes to achieve compliance.
One major component of the regulation is demonstrating compliance with the regulation. This covers solutions and processes and organisations have defined what this could look like – quite commonly a suite of dashboards to monitor and track key KPI’s.
Glue Reply have extensive experience providing Data Governance, Data Architecture and Data Enablement advisory across the Financial Services Sector including Banking, Wealth Management and Insurance.
Through our experience of delivering multiple data transformation change programmes in FTSE100 and Government sector, we have developed a number of frameworks and accelerators to enable organisations to take a surgical approach to establish data governance initiatives, increase data maturity and democratise data.
To find out more about Consumer Duty Design, click "Download the Whitepaper".