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Tool Sprawl Risk Audit — Banking and Capital Markets

Find out how much spreadsheet and SaaS sprawl is costing Banking and Capital Markets — and where a purpose-built internal tool pays off.

Signs of tool sprawl in Banking and Capital Markets

  • The core banking system is a 30-year-old COBOL platform — every new product requires a six-quarter project, and the vendor's modernization roadmap keeps slipping while pricing keeps climbing.
  • KYC and AML onboarding takes 8-15 business days for commercial clients because operations is keying the same data into four systems and waiting on three queues of human review.
  • Trading desk technology is a Frankenstein of vendor platforms, internal Excel-VBA tools, and tactical Python scripts — every regulatory change forces a six-month remediation across all of them.
  • Regulatory reporting (CCAR, FR Y-9C, MiFID II transaction reporting) consumes hundreds of analyst-hours per cycle and still ships with reconciliation breaks the regulators flag.
Section 1 of 4 · Source of Truth0/8 answered

Source of Truth

Whether your operational data lives in one place or is scattered across tools.

1.Where does your core operational data live?
2.How many tools/spreadsheets hold 'the truth' for one workflow?

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