BCBS 239 Compliance Solution
Make compliance with BCBS 239 a breeze with our data automation tools. Empower your risk and governance teams to effortlessly implement the first 7 Principles.
Achieving BCBS 239 compliance poses continual hurdles for financial institutions, but you don't have to face them alone. According to the Basel Committee's progress report, the industry grapples with aligning data collection and distribution with BCBS 239 guidelines. To attain operational maturity and secure compliance, fulfilling these essential prerequisites is crucial.
Our BCBS 239 Compliance Solution can aid you in surmounting these hurdles and meeting requirements efficiently.
Risk Data Governance
Financial institutions must establish robust governance frameworks, well-defined data architecture and reliable IT infrastructure arrangements.
BCBS 239 Framework & Principles
Simplification, automation, and outcome-driven approach without heavy reliance on technical involvement. Let's explore how BCBS 239 implementation can be made easy.
Bluemetrix takes care of the first 7 Principles, so you can focus on proving compliance, reporting and remediation actions.
Principle 1
Provide SLAs generation, independent validation checks, simplified integration of data sources and rapid deployment of computational functionality
Principle 2
Offers over 150 out-of-the-box integrations with key IT systems, enabling automation of data activities across various infrastructures
Principle 3
Automate data movement, accuracy and integrity at every lifecycle stage, without coding, while maintaining technical and business metadata across business lines
Principle 4
Relevant data sources are natively validated to a central repository, with a reconciliation process and completion ratio of mandatory fields
Principle 5
Generate SLAs for each data pipeline to meet data requirements, and regulatory norms, even in stress/crisis situations
Principle 6
Accommodate diverse assets and data types with data pipelines to perform sophisticated transformations tailored to the specific data needs of the end user
Principle 7
Easily capture compliance on critical data elements from detailed lineage and reports to help resolve & mitigate errors
BCBS 239 Data Management Support
Achieve clean, correct, complete, and integrity-rich data without human sign-off
Track critical data changes with detailed technical and business lineage for enhanced regulatory compliance
Efficiently manage data types, sources, functions, policies, and swiftly build pipelines
Tracks technical lineage for timely updates & ensure data relevance throughout the process
P3: Accuracy
& Integrity
P4: Completeness
P3: Accuracy
& Integrity
P4: Completeness
P2: Data Architecture
P1: Governance
P1: Timeliness
P1: Governance
P3: Accuracy
& Integrity
P6: Adaptability
SLA for Each Data Pipeline
BCBS 239 Compliance Solution
Policy Enforcement and Comprehensive Auditing
At Bluemetrix, we're your trusted partner for effective data management. Our advanced automated tools and comprehensive solutions allow you to easily monitor, regulate, and enforce your data policies while ensuring BCBS239 compliance.
With policy enforcement automation, auditing, and reporting options at your fingertips, you can confidently put your data management concerns to rest.
BCBS 239 Compliance Solution
Data Quality At Scale
Supported by powerful data governance automation and controls, Bluemetrix Data Manager aligns with the essential quality standards defined by BCBS 239.
Real-time validation during data ingestion ensures consistent and precise data, while the Data Lineage feature provides full transparency on the origin of the information. Trust in Bluemetrix for reliable, accurate, and transparent data.
BCBS 239 Compliance Solution
Self-Service Data Model
Bluemetrix's templated-based data pipeline empowers your risk and data governance team to deploy, consolidate, and derive data value effortlessly—all without relying on IT. With the ability to define custom rules and tags for sensitive PII data, as well as access governed data using open-source technology like SPARK, Bluemetrix puts data control in the hands of those who need it most.
Learn more about compliance with BCBS 239
