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Data analytics platform Qlik has announced that National Stock Exchange of India Ltd.(NSE) is using Qlik to support and augment its regulatory capabilities. Qlik supports multiple teams within NSE to drive efficiencies and provide insights for facilitating data-informed decisions.
NSE is using Qlik’s platform to integrate data inputs from numerous databases, including trading data, clearing and settlement data, reporting by members, risk management services and client data. This enables NSE to generate insights from all their data collectively and run comprehensive reporting for regulatory purposes.
“Data utilisation is very important for NSE. We wanted to be able to have a single view of our data and be able to analyse it very intuitively. With Qlik, we have been able to integrate our data on a single platform, reduce the time taken for reporting and quickly identify risk areas,” said Dr Dinesh Kumar Soni, senior VP, Regulatory Group at NSE.
With Qlik, the non-technical NSE team members have been able to create and use their own reports with no-code solutions and natural language processing. “We are delighted to help the National Stock Exchange of India implement Qlik to manage regulatory compliance proficiently…customers like NSE are testament to the strength of our platform in bringing data together and being able to utilise it for fine-tuning decisions and business processes,” said Varun Babbar, MD, India, Qlik.