Compliance

 

Complying with laws, regulations, rules, self-regulatory standards & codes of conduct.

Discharge your obligations across large distributed teams by bringing your compliance and audit controls to life through beautiful digital forms.  Perform real-time testing of QA frameworks to ensure continued compliance to the laws, rules, and regulations of your business practises.

 

Front line staff now complete online forms instead of paper based. Their completion time has been cut in half with no need to store paper files
— Chief Risk Officer

Overview

Compliance risk has become one of the most significant ongoing concerns for all financial-institutions.   Globally, regulatory controls and fines have dramatically increased over the past few years.

Increasing demands from regulators are compelling banks to update their governance structure and approach to assess and understand the status of frontline adherence to operational processes & policies and regulatory and statutory obligations.

Financial Institutions are seeking greater transparency into their compliance framework by providing deep insights into QA controls and checklists and making all compliance interactions easily consumable for bank staff to energise desired behaviours.

 
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Key features

  • Bring to life the banks compliance controls test scripts with beautifully designed digital forms.
  • Real-time testing of QA framework to ensure continued compliance to the of laws, rules, and regulations across the financial institutions businesses and processes.
  • Enable new world measures and metrics from the meta data associated with the controls to be automatically captured and used to provide end to end visibility into the Compliance and QA process.
  • Real-time visibility of robust risk processes including test controls and risk-assessment scorecards and enablement and standardisation of a risk-measurement methodology.
  • Embedding compliance controls across Operational Risk, Compliance, Lending Quality Assurance, Governance, Channel Assurance, Credit Quality and health and Safety.
  • Continual identification of strengths as well as potential shortcomings.