A Review of Integrated Data and Compliance Systems for Strengthening Financial Transparency
Abstract
Financial transparency has become a critical component of global financial governance, influencing regulatory compliance, corporate accountability, and the stability of financial markets. As financial transactions, reporting processes, and compliance requirements grow increasingly complex, institutions have sought to integrate data systems, compliance tools, and analytical technologies to improve oversight and transparency. Prior to 2018, significant progress was made in developing data integration architectures, automated compliance mechanisms, and risk-based monitoring tools, yet fragmentation, inconsistent implementation, and uneven regulatory harmonisation impeded full realisation of their benefits. This paper reviews scholarly and regulatory literature on integrated data systems, compliance frameworks, financial reporting technologies, and data-governance practices that enhance transparency. It examines the evolution of integrated financial information systems, regulatory technology (RegTech), automated reporting tools, data-quality mechanisms, and cross-border compliance infrastructures. The review synthesises key developments, identifies challenges, and outlines conceptual pathways for strengthening transparency through integrated data-compliance ecosystems.
Keywords
Financial Transparency; Integrated Data Systems; Compliance Management; Regtech; Data Governance; Financial Regulation
Citations
IRE Journals:
Michael Uzoma Agu, Olawole Akomolafe "A Review of Integrated Data and Compliance Systems for Strengthening Financial Transparency" Iconic Research And Engineering Journals Volume 1 Issue 12 2018 Page 102-119
IEEE:
Michael Uzoma Agu, Olawole Akomolafe
"A Review of Integrated Data and Compliance Systems for Strengthening Financial Transparency" Iconic Research And Engineering Journals, 1(12)
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