Challenge

Financial Institutions, like any other business, are subject to managing several kinds of risks and one of them is ‘Compliance’. Compliance Risk has a direct impact to an institution’s earnings or capital from failing to meet various laws, rules and regulations as governed by regulatory bodies. Besides, policies are periodically revised, causing the compliance process lifecycle to be re-executed. While doing so, disconnected functions need a one window solution to be on the same page for reviewing, verifying and reporting purposes. Therefore, detailed insight into the exact stages of compliance process becomes an inevitable need. On the other hand, foresightedness and subsequent proactive resolution is required to mitigate upcoming issues in the compliance process.

Solution

Collaborative Compliance is a robust and dynamic IT enabled framework that simplifies the process of implementing compliance policies issued by regulatory bodies from time to time. The framework empowers key stakeholders of the institution, throughout the compliance implementation process, to seamlessly map observations with internal processes and systems through a streamlined workflow while make use of analytical reports to take proactive informed decisions. Simply put – Collaborative Compliance enables effective use of innovation and state of the art technology to transform cumbersome manual processes into a streamlined collaborative engagement across all business segments involved in the compliance policy implementation lifecycle.

Analytical Dashboards

Policy Manager

User Management


Workflow Designer

Reminders

On-Demand Reporting


Activity Monitor

Deadlines Monitor

Policy Parser


Policy Dictionary

Collaboration

Mobile


Integration


  • Take control of compliance Governance!

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