Legal Data for Banking

Legal Data for Banking defines the legal data domain in the context of financial institutions and describes how financial institutions can leverage legal data to achieve business optimisation, regulatory reporting and compliance, as well as operational management.

Legal data is at the heart of allowing financial firms to embrace the digital agenda, vital for both Fintech and Legaltech solutions in the banking industry. With the plethora of regulation that emerged after the collapse of Lehman Brothers, this is no longer a case of optimisation, rather a regulatory requirement. Accordingly, both lawyers and technologists need to deepen their grasp of legal data management and change management.

This book offers banking and legal professionals a much-needed explanation of how firms can deliver business value by bringing their legal teams into the fore of the business.

The author, Akber Datoo, is a noted expert in the field and explores a new model centred on legal digitisation to add business context to legal activity. Particularly within financial services, the new legal digital agenda is a chance to bring legal counsel further into business and use digitisation and data connectivity to achieve hyper-awareness both pre- and post-trade. With real-time recognition of key events and how they may affect a position, an empowered legal team can drive measurable new value.