Digital solutions for regulatory compliance through data

Objective : Delivering projects on the streamlining of regulatory reporting through automated and trusted sharing of compliance data, demonstrating how the governance and technical aspects as well as the legal and processing aspects have been addressed.

The activities funded under this initiative will focus on the following aspects:

• Utilize advanced technologies such as data capturing technologies, automatic transmission and analysis, cloud storage and encryption for data security and compliance with regulations.
• Implement comprehensive APIs to enable real-time compliance and self-compliance checks.
• Employ machine learning algorithms for automated monitoring and reporting.
• Where possible use precisely defined concepts available in the data catalogue entries of common European data spaces enabling deterministic data collection.
• Establish direct communication channels with regulatory authorities for automated updates and reporting, keeping the system updated with changing regulations (e.g. by expressing the reporting requirements in machine readable and executable way).
• Ensure robust access control and maintain audit trails for transparency and accountability.
• Minimize the risk of non-compliance and potential penalties through these technological and procedural safeguards.
• Integrate the EU Digital Identity Wallet for secure identification of individuals and legal entities.

It will be essential to propose use cases that allow the data to be automatically collected and processed with minimal manual intervention, and to ensure that the compliance verification process is both efficient and scalable. Sectors with a high bureaucratic burden such as agriculture, environment, manufacturing, healthcare, and energy, are examples of possible pilot use cases to be funded.

The project outcomes, including the developed solutions, will have to be disseminated to relevant stakeholders, such as public administrations and private entities (in particular SMEs), showcasing the benefits of streamlining compliance processes and reducing administrative burdens.

ELIGIBLE APPLICANTS :