Challenge
Growth in today’s uncertain environment has led to multiple business challenges and risks. There is an increasing compliance demand from regulators. Some examples are the Dodd-Frank Act and the Foreign Accounts Tax Compliance Act (FATCA) in the US, MiFID 2 and General Data Protection Regulation in Europe, and the Equality Act in the UK. Businesses are under tremendous pressure to ensure full compliance, with zero tolerance for errors, as even minor lapses can lead to significant financial and reputational damages.
TCS Solution
TCS helps businesses comply with critical industry regulations, and effectively manage and mitigate risks. For instance, our Compliance Assurance Framework supports automated BASEL III and FATCA validation. Our MiFID 2 compliance offerings focus on performance and functional testing.
Our OFSAA Risk and Compliance Suite offers automated testing with a high level of accuracy, creates insightful reports, and enables data integrity and security.
Our Assurance and Compliance Solution is an end-to-end framework for the life sciences industry, and unifies testing, validation and QA and compliance.
TIARA™ is our proprietary QA maturity assessment framework that helps enterprises evaluate and benchmark their existing testing, validation, and compliance processes.
Benefits
Mitigate business and technical risks
Maintain audit-ready IT systems
Create standardized and unified QA processes
Monitor for rapid and cost-effective scalability of operations
Tackle dynamic and emerging industry challenges with agility
Identify and remediate compliance gaps transparently
