Informatica White Paper Sample

One certain fallout of the economic crisis is new, more, and more rigorous regulatory oversight. New regulations have the potential to increase costs, as many U.S. companies discovered in the wake of the Sarbanes-Oxley act of 2002. According to a survey by New York-based Deloitte & Touche’s Deloitte Center for Banking Solutions, between 2002 and 2006 compliance spending grew faster than respondents’ net income—from 2.83 percent to 3.69 percent—as a result of regulation.

The survey found that one of the primary reasons for the cost increase was that companies responded to regulations by applying human resources to monitor compliance, rather than investing in scalable technology resources to manage compliance. Companies need access to timely, trusted data to satisfy the reporting requirements of the growing number of complex government and industry regulations. The business will expect IT to identify and implement cost-effective technology solutions that deliver accurate and consistent information to satisfy tomorrow’s regulatory compliance requirements.

In these volatile economic times, it’s increasingly important for companies to proactively measure, monitor, and manage their risk exposures—financial risk, market risk, credit risk, operational risk—in a timely manner. And they need to be able to uncover and manage potential threats and fraudulent activity by individuals and groups attempting to mask, hide, or misrepresent their identities. Effective risk management demands timely, accurate, complete information. Companies can’t afford latencies in information retrieval or operate on data that is out of date. They must be able to respond quickly to both opportunities and threats. In support of risk management initiatives, the business will be looking to IT to deliver complete, consistent, accurate, and current information in real time. The ability to search and match the identities of individuals and companies, across multiple systems and languages, will be critical.