Accelerating BCBS 239 Compliance: Powered by Experian, Guided by UST

What is the purpose of BCBS 239?

In today’s complex regulatory environment, financial institutions are under increasing pressure to meet the rigorous standards of BCB S239.

The purpose of the BCBS 239 regulation is to improve risk data aggregation and reporting, requiring organisations to maintain high levels of data quality, consistency and transparency. Achieving BCBS 239 compliance can be a resource-intensive process, often involving manual workflows and fragmented systems. Despite the challenging path to compliance, failure is not an option, with non-compliant organisations receiving hefty fines and even restrictions on business expansion.

Driving data confidence

To address these challenges, Experian and UST have formed a strategic partnership that brings together advanced technology and strong regulatory expertise.

At the centre of this collaboration is Experian’s Aperture Data Studio, a powerful data intelligence platform that enables organisations to own trustworthy, fit-for-purpose data. UST complements this with extensive experience in regulatory initiatives, including BCBS 239, GDPR and IFRS.

This solution brings together the domain knowledge of UST and Experian into an accelerator package featuring pre-defined libraries of rules, templated workflows and additional configuration.

Benefits for key stakeholders

This solution offers significant benefits to a wide range of stakeholders:

• Risk managers can gain faster insights into risk data aggregation through pre-configured rule sets.
• Data governance professionals can extend their capabilities into enterprise-grade validation and monitoring.
• Compliance teams benefit from consistent and traceable data quality processes that simplify regulatory reporting.
• Financial institutions and enterprises can modernise their data governance approach using proven methodologies and scalable technology.

The partnership between Experian and UST is built on a foundation of trust and experience. With more than three decades of innovation in data management, Experian provides the tools and platforms needed to empower organisations to unlock greater value from their data. UST brings the regulatory insight and implementation expertise required to ensure that the solution is not only technically robust but also aligned with compliance needs.

Together, Experian and UST are helping organisations reduce compliance risk, streamline operations and build a strong data governance framework.