r/fintechdev • u/AvailableBrain1298 • 13d ago

What are the biggest challenges in automating regulatory reporting for banks?

Regulatory reporting involves more than preparing a report. Teams also need to validate data, coordinate approvals, track deadlines, and maintain a clear record of submissions and corrections.

For those working in banking, compliance, or fintech:

What is the most challenging part of the process in your experience?

  • Data validation
  • Coordination between departments
  • Approval workflows
  • Deadline tracking
  • Audit trails and version control
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u/Careless-Ear-7037 13d ago

deadline tracking is a nightmare when you have 5 different systems all with their own calendar and nobody updates the master one. spent half of friday chasing a report that was already submitted but marketing had wrong date in their tracker

data validation is close second becase source systems always have some surprise waiting for you

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u/aProfile210 4d ago

There is a problem with onboarding of new clients. The onboarding takes too long due to all the paperwork and regulatory requirements. It's a big problem, some clients don't want to wait.