CASE STUDY: Nationwide

Ensure effective risk and compliance management across the enterprise

Nationwide Insurance used IBM Open Pages to bring all its solo applications under one platform and consolidate risk management across the entire organization.

Next generation governance, risk, and compliance (GRC)

In today’s global marketplace, business leaders must not only deal with well-understood challenges — competition, increasing regulation and sustained volatility — but also the need to maintain profitability and growth in a world defined by rapidly-evolving disruptive technologies.

Overview

Watson Regulatory Compliance offers a comprehensive library of regulations powered by IBM Watson and trained by regulatory compliance experts from Promontory Financial Group.  It delivers a single source for regulatory content coupled with a comprehensive control framework that allows users to highlight obligations pertinent to their organization, and to map each obligation to company controls.

How it works

With Watson Regulatory Compliance, understanding how a regulation impacts your organization is no longer a fragmented exercise with multiple spreadsheets, databases and documents.  Instead, regulatory compliance is a streamlined, efficient process driven by a consistent methodology and embedded in your GRC framework.

The benefits

By implementing an end-to-end cognitive regulatory compliance framework, you can:

  • Gain visibility, control, and decision support
  • Reduce fines, penalties and reputation risk from non-compliance
  • Maintain compliance across multiple regulations and your enterprise.
  • Improve operational efficiency
  • Reduce the cost of compliance

Additional resources

Advisory Services

Promontory Financial Group, an IBM Company

Deep regulatory compliance advisory services based on expertise from regulatory bodies and leading financial services institutions worldwide.

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Explore related solutions and topics

IBM Open Pages GRC Platform

Improve decision making and accelerate time to value with fully integrated GRC solutions.

IBM Regulatory Compliance Analytics, Powered by Watson

Manage regulatory change and compliance with cognitive computing.

Promontory, an IBM Company

Deep regulatory compliance advisory services based on expertise from regulatory bodies and leading financial services institutions worldwide.