The solution uses AI to automate, simplify and hasten data governance process, enabling compliance with regulations with swift and accurate data identification and allowing data to be sorted into logical groups based on semantics, topics etc and used to provide meaningful insights when needed.

1. Data governance solution
for ease of compliance
Long preparation
time to submit
regulatory
documentation
Saving hard and soft
costs on storage
penalties, legal
expenses and
reputation
Reducing IT, security
operations and legal
costs
Locating confidential
data easily and
ensure digital
security
Challenges faced by institutions
Simplified data management
Automated
sorting of data
into central
database
AI-enabled
data
governance
Reads
documentation
even in different
languages
Identifying and
classifying
documents
Expediting the
investigation
process, data
subject access
request, avoid
litigation and
penalties
Multiple
grouping
options such
as semantics,
topics and so
on
Case study
Context:
A global bank providing investment
banking, asset management and wealth
management services to private,
corporate and institutional clients
worldwide was seeking a solution for
automating, simplifying and hastening
its data governance process.
Solution configuration:
• Recommended solution sifts through all
data to identify, classify and categorize.
It can group documents by semantic,
nature and topic.
• Passive scanning of all files in your data
repository and detect new information
or updated records.
• Prediction of information and data
ownership through embedded workflow.
• It can tag the relevant level of
confidentiality based on content and
organization policies.
• It enables collaboration with data
stewards easily to provide meaningful
insights and maintain context around
the data.
Client impact:
• Reduced manual verification
• Easier compliance with regulations
• Ability to identify, access and secure
classified information
Leading interfaces and technology capabilities
Deep learningMachine
learning
Natural language
processing
Complying with
laws and
regulations with
fast and
accurate data
identification
Eradicating
manual and
repetitive
work prone to
human error
Customizing
dashboard to the
organization’s
needs and report
requirements
Big data analysis
Varun Mittal
Global Emerging Markets
FinTech lead
varun.mittal@sg.ey.com
Contact us
FinTech Hub
www.ey.com/sg/FinTechHub