Compliance

Effective governance of financial institutions remains a top focus for regulators, with a strong emphasis now being placed on accountability, holistic end-to-end views, and conduct.

Financial institutions are updating their governance structures to assess and understand the status of staff adherence to operational processes & policies and regulatory obligations.

The growth of compliance and risk burdens, and the very short lead time to react to change, is putting regulatory functions under enormous operational pressure. Manual or disrupted capture reporting systems and processes mean accountable managers often have limited overview and control into what is really going on.

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 in order to energise desired behaviours.


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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SeeEverything Compliance App

Discharge regulatory compliance obligations through robust execution of compliance and audit controls across large distributed teams and leverage data & insights from ongoing surveillance to quickly develop and adapt KPIs.

Real-time execution of a Financial Institution’s compliance framework & quality assurance programme by implementing robust risk processes including test controls and risk-assessment scorecards that enable visualisation and standardisation of a risk-measurement methodology

Real-time reporting and visualisation of all compliance data (capture in system and ingested by other systems) to allow risk mapping and indicators to deliver a consistent view across the bank, allowing managers to spot higher risk areas and prioritize remediation plans accordingly

Systematically drive governance and accountability, embed feedback loops, and continuous learning (success and failure) by enabling risk and audit execution consistently across the banks large geographically distributed workforce

Enable coordinated quality assurance testing approach and methodology that is fair and consistent across the bank. Flag when something has failed, looks unusual or suspicious. Business rules can be automated to direct Compliance staff to focus on high-risk areas.

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Enable a proactive approach to regulators by shaping the behaviors and mindsets of your people. Includes automated linking with the SeeEverything Capability App.