Closing The BCBS 239 Data Quality Gap

Soda provides a comprehensive solution for large banks to automate and operationalize compliance with BCBS 239, a regulation that mandates rigorous standards for risk data aggregation and reporting. Despite the regulation being in place for over a decade, many banks still struggle with data quality and reconciliation, with fewer than 10% of Global Systemically Important Banks (G-SIBs) fully compliant. Soda addresses these challenges by integrating automated data quality controls into banks' existing workflows, ensuring data is accurate, complete, timely, and reconciled across systems. By transforming regulatory principles into actionable and auditable practices, Soda helps banks monitor data quality at scale, enforce collaborative data contracts, and shift data governance to earlier stages in the data lifecycle. This approach not only aids in meeting compliance but also reduces regulatory risk, simplifies audits, and provides audit-ready evidence with complete metadata on every check result.