Regulatory Compliance Software

Governor Michelle W. Bowman Talks About Lowering Regulatory Compliance Requirements for Community Banks

Community banks were happy about Governor Michelle W. Bowman taking office and becoming a member of the Board of Governors of the Federal Reserve System in November 2018. Community banks were happy because they were hoping for a better regulatory requirement approach towards community banks, as Ms. Bowman was herself a community banker. Since […]

Why Your Business Needs Regulatory Compliance Software 

Management often wonders where this need for regulatory compliance software suddenly came from, and we cannot really blame them for thinking this way. Banks and financial institutions have been running perfectly fine for centuries now without needing financial compliance software, so why do they need them now? That’s a valid question and it has […]

Expanding the Role of Regulatory Compliance Managers

The world of compliance management is changing rapidly. We saw the first major change with the influx of computers, then another one with the mainstream adoption of information technology. Compliance management solutions are ushering in another change and these changes are changing the job role and responsibilities of regulatory compliance managers.

The […]

The Problems with Regulatory Reporting – and How Technology can Fix Them

Regulatory reporting is supposed to be the tool that helps governments ensure that the financial sector performs smoothly and does not cause any cascading problems. Even though there are extensive regulatory reporting requirements they often fail to achieve this objective, as evidenced by the recent financial crisis the world went through. What can we […]

Five Key Steps to Improve Regulatory Compliance

Every business is aware of the importance of regulatory compliance, yet we often hear about compliance violations and huge fines being levied on organizations by regulatory bodies. Enforcing regulatory compliance is a complicated task because it requires every stakeholder in the business process to be compliant. The employee at the front line dealing […]

The Right Regulatory Change Management Framework

There are new and exciting possibilities in the world of regulatory change. The focus and importance placed by banks and financial institutions on regulatory change management is nothing new; organizations have taken regulatory change seriously from the very beginning. What is new is the modern, digital approach towards it. It is now possible to […]