Our client was suffering from a complex MIS and reporting environment that had grown out of an End User Computing (EUC) solution. This solution was not well documented or understood, having grown incrementally over time to consolidate many disparate sources of information. To add to the complexity, metrics were not standardised, leading to multiple representations of the same facts and controls were not in place to ensure compliance with the desired operating model.
To leverage their investment in BCBS 239 compliance, our client was looking for a partner who could deliver best practice data architectures to tight deadlines, as well as delivering lasting value through a strategic platform.
Kinaesis initiated the BCBS 239+ engagement with the client's business team responsible for the reporting. Two senior consultants spent 4 weeks identifying the scope, documenting the high level requirements, and establishing a solution and plan. The proposal drew out the complexity of the requirement and the risks that would need to be mitigated. Once the review was complete, the client asked Kinaesis to supply a high quality delivery team to execute the plan.
Implementing the recommendations from the BCBS 239+, the delivery team brought a pragmatic approach to the issues our client had and they are now on target to meet the BCBS 239 compliance deadline. The Kinaesis delivered platform now enables the client to reduce the amount of time answering ad-hoc questions on data, therefore reducing the time to market for new reports or dashboards as well as providing a scalable reporting solution with trusted data. The implementation of Kinaesis Clarity (our Data Governance and Lineage capability) now provides the client with a clear representation of their data sources and flows of information. They can visually identify anomalies between implementations of key business metrics, leading to improvements in reporting and controls across the organisation. With the introduction of overall governance and a target operating model and the process of implementing a consistent set of data and metrics, more trust has been established in the reporting suite.