Passed in July 2010, the Dodd-Frank Act represents the most comprehensive financial regulatory reform measures taken since the Great Depression. The law includes significant new requirements around the record keeping, retention and reporting of financial transactions, including derivatives and swaps. These requirements apply to all communications and information related to the execution of a trade, including transaction information, emails and recorded audio content. Institutions must retain all relevant information for a minimum of five years, and must deliver information in a very short timeframe when requested by regulators.
In order to achieve compliance, institutions must overcome a multitude of information governance challenges. Their systems must be able to recognize all information related to a trade, including structured data contained in transactional systems, as well as unstructured, human information found in emails, voice mails and Microsoft® Office documents. This information must be managed cost-effectively, so that companies do not break their budgets by indiscriminately storing all enterprise information in on-premises repositories for long periods of time.
Autonomy's compliance solution provides institutions with a unique approach for solving these problems. Powered by Autonomy's Intelligent Data Operating Layer (IDOL), the solution automatically understands concepts, ideas and patterns in all trade-related data. As a result, organizations can quickly index, categorize and retrieve information required to maintain compliance with Dodd-Frank, thus eliminating countless hours of manual effort and data searching.
Autonomy's solution for Dodd-Frank compliance brings together several elements of the company's market-leading information governance platform, giving institutions a comprehensive, turnkey and cost-effective solution for achieving compliance. These technologies have been tuned to interoperate in a seamless manner, and provide administrators with workflows and templates for fast and accurate turnarounds on Dodd-Frank compliance and records-management projects. The solution leverages Autonomy's proven, cloud-based compliance archiving product-the industry-standard on Wall Street-as well as an innovative technology for extracting, storing and retrieving structured data from operational applications. Together, organizations benefit from a comprehensive, complete solution for managing Dodd-Frank compliance.
The solution includes the following products:
HP Application Information Optimizer - safely extracts and indexes structured data from production or legacy systems, and processes records for retention and archiving requirements.
HP Autonomy Consolidated Archive - archives data on premises, in the cloud and via appliances, and provides the industry's only intelligent governance layer from which businesses can drive their compliance, eDiscovery and records management initiatives directly from archived data.
Additionally, the Autonomy solution leverages the HP Converged Cloud, allowing customers to take advantage of HP's world-class and proven cloud data centers for running mission-critical applications and operations.
"The record keeping and associated regulations issued under Dodd-Frank for the derivatives markets impose significant new information governance challenges," said George Tziahanas, vice president of Legal and Compliance Solutions at Autonomy, an HP Company. "Autonomy's ongoing leadership in this market has led major institutions, which represent major swap participants and dealers, to select Autonomy's extended compliance platform to help address their obligations"
Autonomy, an HP Company, is a global leader in software that processes human information, or unstructured data, including social media, email, video, audio, text and web pages, etc. Autonomy's powerful management and analytic tools for structured information together with its ability to extract meaning in real time from all forms of information, regardless of format, is a unique tool for companies seeking to get the most out of their data. Autonomy's product portfolio helps power companies through enterprise search analytics, business process management and OEM operations. Autonomy also offers information governance solutions in areas such as eDiscovery, content management and compliance, as well as marketing solutions that help companies grow revenue, such as web content management, online marketing optimization and rich media management.
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world's largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure to solve customer problems. More information about HP (NYSE: HPQ) is available at http://www.hp.com/.
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Summary: ...via Scrittura Autonomy Along with many of the world’s leading financial institutions, a business obligation of Scotiabank requires the publishing of various metrics and transaction-specific data to various external entities. One of these external bodies is the International Swaps and Derivatives Association...
Summary: ...requirements in relation to equipment for the application of plant protection products quality of mineral fertilizers. The Challenge PARS is responsible for matters relating to the operation of public services and the authorized institutions in the phytosanitary field, as well as their control. It manages...
Summary: ...Extract Technology have quickly been able to realize the benefits of using Meridio and now have a system that ensures that regulatory requirements relating to the retention of information is met as well as a secure information store that can be integrated into business processes to improve the way data...
Summary: ...Frank Russell Company - Case Study. Phase I of Russell’s syndication model involved the delivery of public content to Northwestern Mutual’s (Russell’s parent company) public site, and to agents’ personalized sites. “Autonomy already enables us to communicate in a way that many of our competitors...
Summary: ...tuning, its ERP systems were provided with efficient growth management. Jinan Steel uses HP’s Oracle EBS database archiving solution to solve a series of problems brought about by its sudden increase in data. By moving obsolete and closed transaction data to another historical, yet online, database,...
Summary: ...processes and procedures. As the years pass, these records accumulate, and as they accumulate, the cost of storing them mounts. To keep their records manageable, control costs, and be compliant with applicable laws and regulations, companies must periodically purge records they are no longer required...
Summary: ...About HP Autonomy HP Autonomy is a global leader in software that processes human information, or unstructured data, including social media, email, video, audio, text and web pages, etc. HP Autonomy’s powerful management and analytic tools for structured information together with its ability to extract...
Summary: ...Autonomy, an HP Company, is a global leader in software that processes human information, or unstructured data, including social media, email, video, audio, text and web pages, etc. Autonomy's powerful management and analytic tools for structured information together with its ability to extract meaning...
Summary: ...Ernst & Young - Case Study. With the very diverse customer needs, this has proved to be an invaluable tool to keep staff up-to-date on the latest news and make sure nothing has been overlooked that could help customers achieve their goals. Being able to retrieve necessary information easily and rapidly...
Summary: ...Transnet National Port Authority uses Autonomy to protect critical data - case study. Autonomy’s powerful management and analytic tools for structured information together with its ability to extract meaning in real time from all forms of information, regardless of format, is a powerful tool for companies...
Summary: ...Eisner Case Study. Case Study Industry Accounting Challenges â– Improved compliance with SEC, NASD and Sarbanes-Oxley regulations for records management and retention â– Eliminate problems associated with paper documents such as out-of-control storage costs and productivity bottlenecks â– Ineffi cient...
Summary: ...handling regulations About HP Autonomy HP Autonomy is a global leader in software that processes human information, or unstructured data, including social media, email, video, audio, text, and web pages, etc. Autonomy’s powerful management and analytic tools for structured information together with...
This is a small selection of the Autonomy case studies available, please visit our publications site at http://publications.autonomy.com/ for more information.
Summary: ...trading. n Scrittura Matcher is a comprehensive matching engine that can be used on a bi-lateral or hosted basis for diverse matching of OTC messages. Proven benefits to financial institutions The Scrittura solution suite is aimed squarely at the real-world trade processing problems in back-offce departments...
Summary: ...or product group criteria. A single platform to all external utilities Autonomy’s Scrittura provides instant connectivity to both Dodd Frank mandated global trade repositories such as DTCC GTR and ICE Trade Vault, as well as confirmation utilities such as DTCC Deriv/SERV, ICE eConfirm, SWIFT and EFETNet....
Summary: ...regulatory data retention rules are observed by defining residence and retention periods for all data. • Flexible Deployment – Businesses can deploy ARM on premise, in the cloud, or maintain a hybrid deployment that includes a combination of cloud and on-premise information, allocating data to each...
Summary: ...customer to automate and streamline the entire problem set around compliance management, real-time audit and controls, regulatory reporting and records, document generation and trade lifecycle management. Client On-boarding Automation Many organizations, including financial institutions, struggle to properly...
Summary: ...of application transaction volumes • Provides integrity of production and archive data at all times through native database support, and transaction consistency models • Supports native Oracle partitioning and partition swapping for fast data movement while archiving all related non-partitioned data...
Summary: ...to extract meaning in real time, and act on all forms of information, including audio, video, social media, email and web content, as well as structured data such as customer transaction logs and machine-based sensor data. Tap the Power of Autonomy IDOL, Autonomy’s Private Cloud, and HP Converged Infrastructure...
Summary: ...data, including social media, email, video, audio, text and web pages, etc. Autonomy’s powerful management and analytic tools for structured information together with its ability to extract meaning in real time from all forms of information, regardless of format, is a powerful tool for companies seeking...
Summary: ...User focused document and email management • Business managed workflow • Automated document generation • Electronic form processing • Records management for retention and disposal • Collaboration both internally and externally to your organization • Cloud, on premise, and hybrid deployment...
Summary: ...Autonomy Global Capital Markets. • Autonomy GCM delivers a fully integrated solution designed to simplify the entire trade confirmation process for OTC derivatives. The solution is based on proven technology as used by the majority of the ‘Fed-18 banks’ and is available now as a pre-packaged, easy...
Summary: ...Comprehensive Information Management Solutions from HP and KPMG - US English. CIM also deals with key issues relating to your information overload by applying corporate-wide processes for data retention—helping you understand what to keep and for how long. You can implement policies and lifetime management...
Summary: ...are moving toward IT strategies that allow for greater agility and efficiency without sacrificing performance or security. Autonomy Supervisor, and related Autonomy solutions, are designed to help government agencies regain solid control of IT and reduce the complexity of unwieldy IT environments. Autonomy’s...
Summary: ...media, email, video, audio, text and web pages, etc. Autonomy’s powerful management and analytic tools for structured information together with its ability to extract meaning in real time from all forms of information, regardless of format, is a powerful tool for companies seeking to get the most out...
This is a small selection of the Autonomy Product Briefs available, please visit our publications site at http://publications.autonomy.com/ for more information.
Summary: ...Specifically, Title VII states, “Pursuant to Part 45 of the CFTC’s regulations, end-users are required to ‘keep full, complete, and systematic records together with all pertinent data and memoranda’ of each swap transaction in which they are a counter-party until the swap has been fully terminated...
Summary: ...of creating and applying policies and controls across financial and transactional systems. Following suit, electronic communications and unstructured data are now viewed as traditional documents according to regulations like SEC 17a-4, cases like Zubulake v. UBS Warburg, and the Amended Federal Rules...
Summary: ...to align litigation and compliance related practices. This new environment will require firms to adopt platforms to seamlessly manage complex policies to support compliance, litigation, internal investigation, record retention, and related obligations across information formats and sources. Given the...
Summary: ...database size and unmanaged growth in production databases. HP Database Archiving software manages the production and related non-production databases and allows businesses to be more responsive and keep costs under control while meeting data retention and compliance requirements.
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Summary: ...very least, organizations that are intentionally capturing interactions, or are likely to include interactions that could contain personal or private information, will be required to appropriately protect that information according to a variety of obligations. In addition, consider the implications if...
Summary: ...HP supports a comprehensive array of big data delivery models. Companies can run IDOL on-premise, in the cloud, or in a hybrid environment that includes both onsite and offsite resources. Cloud-based IDOL components utilize HP’s 50-plus petabyte private cloud, the largest system of its kind in the world....
Summary: ...taking advantage of the flexibility and ROI that cloud computing offers. Industry analysts estimate that 50 percent of the email archiving market will be delivered via cloud solutions by 2014.3 Whether organizations choose the flexibility of a cloud solution or the control that an on-premise solution...
Summary: ...policy, there are also practical reasons. The financial costs of indiscriminately storing and keeping track of large volumes of paper records, whether on site or at a remote location, cannot be ignored. Moreover, storing large amounts of computer data can leave insufficient hard drive or network space...
Summary: ...such as notes from a phone call, letters signed by a client, or emails. These limitations are overcome by three key technologies which, when used together and in conjunction with transaction processing systems, can help companies achieve compliance while at the same time streamlining their business and...
Summary: ...interoperability. MTV: There is some discussion around this issue in our community. Perhaps the most serious problem we encounter is scalability. This problem is more of the semantic interoperability. The inability to interoperate can drastically restrict the ability to mash content together from many...
Summary: ...governance platform that leverages meaning-based computing to provide automated real-time policy management based on a conceptual and contextual understanding of the entire corpus of enterprise information. Autonomy’s unique technology represents a major step forward in reducing risks inherent in information...
Summary: ...an HP Company, is a global leader in software that processes human information, or unstructured data, including social media, email, video, audio, text and web pages, etc. Autonomy’s powerful management and analytic tools for structured information together with its ability to extract meaning in real...
This is a small selection of the Autonomy White Papers available, please visit our publications site at http://publications.autonomy.com/ for more information.
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