Compliance Management Software

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 […]

Managing Compliance Risks Needs Synergy Between Culture and Technology

Managing compliance risk in banks is an important objective of management but having the wrong culture makes it hard to achieve improvements in compliance levels. Management can focus on compliance, create strategies to improve regulatory compliance, and much more but they will not receive the results they need without the right culture.

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Achieving Continuous Compliance through a GRC Platform

Continuous compliance is a new approach towards compliance aided by GRC platforms. There are two approaches we can take when it comes to risk and compliance. One is the normal approach which has been historically used in which compliance is achieved through periodic and reactive actions. There are audits after every few months and […]

The Future of Compliance Solutions

Compliance management is quietly undergoing a change. This change began a decade ago and the pace of the change is steadily accelerating. Compliance management was a fully manual process. The organization depended solely on the vigilance and productivity of the compliance personnel to ensure the highest possible levels of compliance. Organizations are now automating […]