Compliance Management Software

The Iran Sanction Compliance Minefield; a sign of things to come?

We live in interesting times, and interesting times are never easy. The world is changing in every aspect from technology to geopolitics, and we are feeling the effects. The situation we have with Iran right now is a great example of how things are changing. All the major world powers were on the same page […]

Culture Remains One of the Most Important Factors in Improving Compliance and Risk Management

We have written about the importance of having the right culture before, and so have other prominent publications like Quartz. Culture is often found to be a major factor in scandals related to risk, compliance and accounting. Just look at this list from Forbes of the biggest corporate scandals in 2015 and note how often culture is mentioned as one of […]

How Small Businesses Can Mitigate the Risk of Compliance Failure

Compliance management is at the heart of any bank regardless of their size. There is a clear distinction in how compliance management is carried out in small and larger banks. Enterprises can leverage millions of dollars on their compliance efficiency whereas, smaller banks remained constrained with their budget and resources.

Why assuring effective compliance is […]

Compliance Automation – Manual Compliance Management Is Holding Banking Back

The world of business always moves towards efficiency, because that is what customers desire the most. No one likes to wait but waiting has long been a necessary step for many business transactions. Most businesses have re-engineered their work processes to increase the speed of service delivery. There are examples of these efficiencies being […]

Why Flexibility is Needed to Face Banking Regulations in 2019

Banks have always needed to manage regulatory change management to ensure that they were complying with the latest banking regulations. However, banks now need to be more flexible than they were before, thanks to the nature of upcoming banking regulations. Let’s look at a some of the factors which will have a major effect […]

Why Managing Compliance Manually is a Sisyphean Task

We are all aware of the tragedy of Sisyphus, cursed to roll a boulder uphill, only for the boulder to roll back down the moment he neared the top of the hill, resulting in him repeating the process ad nauseam. Banks and financial institutions face a similar situation when it comes to managing compliance […]