6 Reasons You Need RegTech
How software can make your business Faster, Smarter, Safer.
In today’s rapidly evolving business landscape, regulatory compliance has become a significant challenge for financial institutions and other regulated industries. The ever-changing and complex regulatory requirements place a heavy burden on organisations, leading to increased costs, resource allocation, and operational inefficiencies. However, a silver lining appears through the rise of compliance software, which serves as an innovative solution to manage the abundance of regulatory requirements. In this blog, we will explore how compliance software is revolutionising the approach to compliance, streamlining and automating processes, and helping to alleviate the regulatory burden in a faster, smarter, safer way.
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How software can make your business Faster, Smarter, Safer.
The insurance industry and the regulatory requirements around counterparty risk is always evolving, and so the obligations to minimise the risk and safeguard customers is becoming much more challenging for insurance companies. In the wake of COVID-19, financial crime continues to increase and whilst not all of these can be stopped, it is crucial they are recognised.
With thousands of businesses reissuing TOBAs to cater for new Consumer Duty obligations, we take a look at the importance of written agreements in B2B relationships and how firms can manage their obligations efficiently...
The FCA and US Authorities are committed to enforcing anti-corruption and anti-money laundering laws and regulations to protect the integrity of the financial system and to prevent financial crime. In this article we look at the risks and the controls financial services firms should consider...
Regardless of their role in an insurance deal, brokers must verify that their potential clients and trading partners aren't barred from entering insurance transactions. However, carrying out these checks can be a challenging task. What is the impact of the task and responsibilities brokers have and how can they manage risks?