Technology is proving to be the lifeblood of our financial world. RegTech solutions harness the latest in technology to help with the increasingly burdensome demands of regulation and compliance.
These solutions are here to stay and perhaps have never been more relevant. They’ve already proved themselves by helping to automate the more routine compliance tasks. But there is no one single platform that solves all compliance needs.
We can help you streamline key compliance challenges
Many of our clients are considering how digital solutions can help reduce costs and generate new business insight. We stay on top of the fast-moving RegTech market, meeting new firms and getting under the bonnet of products we think will really help our clients. We can help you understand what is available on the market and provide cost-effective ways of accessing technology alongside our expert advice.
These are just some of our current RegTech areas of focus:
Managing regulatory change
Our managed regulatory radar service looks after every element of a regulatory developments process for you, so your compliance team can focus on what’s important right now. With a detailed understanding of your business, our experts use best-in-class technology and subject matter analysis to identify what’s important and tell you what to do about it. Discover our managed regulatory radar service
Managing employee compliance
Our partnership with StarCompliance enables our clients to improve compliance processes and mitigate risks to integrity and reputation. Focused on managing employee conflicts of interest, the platform supports personal trading, gifts and entertainment, outside business interests, and employee certifications and attestations. Support for administering the burdens of SMCR is also available. Find out more about our compliance management partnership.
Managing client assets and safeguarding risks
We have developed a joint offering for our clients with Grath, which helps firms manage compliance with the CASS and safeguarding regulations. The service includes a comprehensive health check, help with developing risk and control frameworks, and support in ensuring effective oversight. Find out more about our client assets and safeguarding partnership
Firm-wide risk assessments and compliance monitoring
The Grath platform is so much more than just CASS. It’s a fully functioning Governance, Risk and Control framework (GRC). Based on real-time handbook updates, we can help regulated firms record the rules they are exposed to; construct risks based upon non-compliance with those rules; identify and record the internal processes and controls already in place to mitigate those risks; assign responsibilities to individuals and calculate overall risk impact scores for the business. Either as part of the above, or as a separate exercise, we can also create bespoke compliance monitoring programmes in the platform.
Market abuse surveillance
Market abuse surveillance provides insightful analytics and contextual surveillance to help firms identify and manage the potential risks of market abuse, fraud and operational breaches. We offer market abuse surveillance as a managed service for our clients, combining technology from KRM22 with expert advice. Find out about our market abuse surveillance service
Communications surveillance
Our managed service combines technology from Fingerprint with highly experienced risk and compliance professionals to manage communications surveillance. We’ll work alongside you to develop your surveillance parameters in line with your size, scope and businesses activities. And we can handle the ongoing monitoring, investigation and escalation where appropriate.
Transaction reporting assurance
Combining Bovill Newgate’s regulatory expertise with an intelligent reporting solution, our transaction reporting healthcheck provides you with assurance on your entire transaction reporting process under MiFID II. We review the quality, completeness and accuracy of your data for the initial review and can then offer a managed service to review your transaction reporting regularly. Find out about our transaction reporting healthchecks
Identifying cyber threats and risks
We work with experts who can provide a package of solutions that highlight who is likely to attack you and how, and pinpoint where your immediate vulnerabilities lie. This allows clients to focus their spending on the immediate security measures required to stop cyber risk.
Get started
Want to find out more? Get in touch with the team.
