The first dimension (top-down) of the Cube illustrates the organizational structure of a bank. The second dimension (left to right) represents the value-chain from a compliance point of view. The existing and upcoming subject areas build the third dimension (front to back) and complete the cube.
This third dimension can and should be extended by an “added-value” surface. Within this surface, potential added-value for your customers is identified, that can be realized together with the implementation of the given regulations. An example for such an potential added-value is e.g. the flagging of stocks that are involved in the production of so called “cluster bombs” or are considered “green stocks” when sales restrictions in relation with product suitability are introduced in the banks’ IT-systems.
Using these flags, the financial institution can potentially offer new products (no cluster bombs, only green stocks, etc) to its clients by implementing “sales restrictions” for a specific client group.