Do you have any of these data requirements?
Legacy paper files needing update or transfer, costs issues over commission reconciliation, transfer issues to back office, WRAPS or platforms, data management & storage problems, not enough MI, ongoing data processing cost concerns, or are you consolidating your business?
The present economic, cost and regulatory environment in the UK financial services market place has created the need to provide a consolidated data management and processing service. A particular requirement is the ability to carry this out using both an on-shore and off-shore solution with the resulting lower costs. Savings for an offshore solution are in the region of 40%-50% of the UK client equivalent.
The use of technology and data records in financial services is still evolving and has not yet been fully industry integrated into the operations of many companies and services provided. Without the data being accessible, in a format easily useable, and of sufficient accuracy any output, reports are of little value and can represent a waste of money, lower income generation and reduced business capital value. They can also produce inaccuracies that may lead to litigation and redress.
An integrated data delivery system would greatly resolve these issues. However, this would require the transition from the present systems to a fully electronic integrated database format which can be integrated into any application. Companies are working on this but this evolution takes time and is entirely dependent on data delivery to reach its true potential. Once achieved ongoing maintenance of records at low cost is required to ensure all the effort is then not wasted.
Regent focuses on offering data consolidation and analysis to help solve the challenging data management needs of our customers in the rapidly evolving financial services sector.
Regent establishes itself as an extended arm of the client and not as an external agency to seamlessly deliver production and cost efficiencies. With the growing demand to move and manage "clean" data more effectively and efficiently between competing systems, the market offers an opportunity to provide fully integrated services for the data needs of the Client whether B2B or B2C.
Focusing on both resource, experience and cost arbitrage, Regent along with its strategic partners in the UK and India (if required) uses both onshore and offshore processing facilities in the UK and India.
For further information or to discuss any issues you have please call on 0845 8800 227 or complete the Enquiry Form.