Why bother with BAs on a compliance initiative? 0

Posted on 15, January 2013

in Category bsg insight

Compliance is just a business case for another form of business change. In a recent assignment to assess FATCA readiness at a banking client, we discovered that the three different banking products each had a different front-office origination process. In the wake of this discovery, part of our recommendation set was, unsurprisingly, to consolidate processes and reap the various benefits that accrue from this. It all seems so obvious – but is it really? All too often All too often compliance projects start with a specific endpoint – ensure that we get the compliance projects relevant tick in the relevant box to allow us to continue operating. As a business case, “compliance” is pretty bullet-proof. Those billion pound fines aren’t well received by are just looking to put shareholders and the notion of criminal liability is not appealing to bankers. But is ticking a box enough?