Introduction

Cube's Data Technical Standards (DTS) provide a standardized framework for financial institutions to manage Non-Financial Risk (NFR). Key points:

• It creates unified definitions for Processes, Risks, and Controls.
• It enables industry-wide benchmarking and data comparison through Cube Indices.
• It helps firms identify and mitigate risks, improve efficiency, and reduce costs.
• It standardizes data, to reduce the siloed effect of risk management in finance.
• It emphasizes control articulation, due to the controls role in risk mitigation.