The Risk Data Marketplace offering will enable clients to automate the creation of data marketplaces to be used for various regulatory and compliance programs.
TORONTO, Oct. 4, 2018 /CNW/ – Next Pathway, a leading provider of enterprise Big Data and Digital Transformation software, today launched the release of its new Risk Data Marketplace solution. This solution will assist large enterprises to more efficiently prepare and consume data for any risk and compliance regulations.
Specifically, the solution will allow organizations to automate the creation of data marketplaces using any industry data model, including IFRS 9 and 17, Anti-Money Laundering, BCBS 239, FRTB, among others.
“Companies today are spending too much time on one-off projects to adhere to various risk and compliance programs that regulators are mandating, leading to bloated budgets, timeframes, and a lack of operational control,” says Chetan Mathur, CEO of Next Pathway. “Through our Risk Data Marketplace solution, we are helping companies automate the data preparation process and create reusable data marketplaces that can be shared across the enterprise for future programs, saving them time and money.”
Key capabilities of the Risk Data Marketplace Solution include:
- Open-Architecture – The solution can be easily implemented and configured to work within any environment (cloud, on-prem or hybrid), and meet any regulatory requirement.
- Industry-Standard Models – To ensure the data definitions are compliant to industry standards, which helps maintain good governance across the enterprise.
- Automated Data Preparation – No ETL code needs to be written to ingest or curate data for reporting and consumption.
- Automated Metadata and Lineage Capture – To ensure the path of data from source to report is stored and accessible to adhere to any compliance requirement.
Next Pathway’s Risk Data Marketplace Solution is available immediately.
About Next Pathway
Next Pathway is a technology company that develops, licenses, and provides services to support its big data and digital transformation products. Through innovation, automation and extensibility, Next Pathway’s products have revolutionized the way companies prepare data for analytics and leverage modern architectures for digital enablement. For more information, please visit nextpathway.com.