Your questions answered

Yes, all our products have been examined and approved as being compliant by the actuary function at PWC, and these are reviewed annually. Our approach is to run both standard regression statistical models as well as AI workloads to verify the accuracy and relevance of regulatory threshold measures. This allows for very accurate benchmarking against regulatory requirements, providing more confidence in derived KPIs. Additionally, the AI models are self-learning and are sensitive to concept or data drift, helping to ensure precision and accuracy in outputs.

We do not move any data outside your network security perimeters. We deploy our products within your cloud network and security controls, working well within your risk appetite.

Our Dynamic Compliance products integrate with your data processes at the core level, using AI and machine learning to determine if pathologies are present in existing compliance controls, They then generate additional data flows to mitigate the compliance gaps.

One of the primary functions of Pliant is to constantly scan regulatory standards for change. Once identified the system generates notifications of change that can be automatically applied to maintain your existing controls or provide new ones, enhancing compliance effectiveness in line with evolving regulatory expectations.

Pliant also has a data migration function which is able to ingest raw data from core banking systems. Our core banking specialists have overseen more than 90 core banking migrations from one core banking system to another. These include core banking systems from Data Action, Ultra Data, Temenos and many more. Consequently, we have granular knowledge of the process that underpins these systems and we use this IP to ensure seamless extraction and shaping of operational data.

Pliant is a cloud-based product that uses machine learning extensively. Unlike its statistical cousin, machine learning can find hidden predictive patterns in data that would never be obvious to a human. Our technology uses modern cloud-based analytic tooling that is cloud agnostic, and our tools work with the three biggest public cloud providers (Azure, AWS and Google Cloud). Pliant™ uses these advanced technologies to help financial institutions remain compliant.
Some of our compliance controls include:

APS 220    Provisions for Regulatory Purposes
AASB 9     Financial Instruments
APS 112    Capital Adequacy: Standardised Approach to Credit Risk
ARS 220    Impaired Facilities
ARS 220.3 Prescribed Provisioning
ARS 220.5 Movements in Provision for Impairment
APS 221    Large Exposures
APG 210   Liquidity

And many more.

Pliant possesses a scalable and extensive set of built-in core governance services. These help to ensure institutions effectively and efficiently meet their data governance compliance requirements. These features include metadata management, data classification, data lineage, search, discovery and additional data masking security controls.
Smaller tier two financial organisations may find the complexity and velocity of new regulation intimidating. Most may lack the skills, technical capability and resources to meet the compliance challenge, at least without some form of assistance. Pliant ensures these institutions dramatically improve regulatory productivity, reducing data churn and relacing manual processes with automation; particularly as emerging technologies for transformation become more common.

Pliant captures and stores your data for three primary use cases, operational reporting, data modelling and predictive analytics. Pliant’s data modelling capabilities can connect directly to APRA Connect to provide an end-to-end solution for compliance reporting.
Additionally, Pliant has integrations for the three most utilised visualisation tools:

  1. Power BI
  2. Qlik
  3. Tableau

Almost all operational reporting can be generated from Pliant using any BI report tool, including Excel.

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