Client Case Studies
CASE STUDY 1
Regulatory Change and Impact Assessment Workflow for Banking Institutions
For this client, FinregE provides a regulatory change and impact assessment workflow across their enterprise across 350+ different global regulatory sources across multiple business lines and users.
This project aimed to increase operational efficiency, ensure full coverage of regulatory publications without any gaps and provide an firm-wide view of regulatory change landscape with actions being taken against them across the business.
FinregE had to solve the challenge of introducing an easy to use, more automated and consistent system for compliance teams across different business lines to manage regulatory changes, coupled with a regulatory change impact assessment workflow to record firm important changes and the actions being taken against them.
Key to delivery of an automated regulatory change system was to provide clear visibility via management information and reporting of regulatory changes impacting the various business lines.
CASE STUDY 2
Regulatory Horizon Scanning Services for Insurance Institution
Across two insurance institutional clients, FinregE implemented regulatory horizon scanning services to provide a centralised system and location of regulatory publications across multiple users and team for over 35 different countries.
The project aimed to increase operational efficiency, ensure full coverage of regulatory publications, and provide a centralized location for regulatory horizon scanning across various countries across United States, (state and federal), EMEA, APAC and South America.
FinregE had to solve the challenge of introducing a centralised regulatory horizon scanning system which provided full coverage of regulatory publications across the diverse range of users and countries.
Specifically, FinregE had to be capable reduce the noise of unwanted publications, providing focussed business applicable publications to clients’ business lines, services and requirements. Key to delivery of horizon scanning services was to provide centralised capture and reporting via dashboards, management information and reporting of regulatory changes impacting the various jurisdictions, business lines and teams. FinregE also had to deliver customised regulatory change impact assessment workflows which allowed users to add user specific actions and impact commentaries against regulatory changing impacting the business. Sometimes, these impact assessments required different types of impact actions and commentaries to be added across different business lines.
CASE STUDY 3
Digital Regulation and Rule Mappings for Asset and Wealth Manager
FinregE was approached by a global fund management company that needed a solution that could provide an automated, web-based regulatory rules inventory that would identify the specific regulations applicable to their business lines.
The client wanted full regulatory traceability by linking their internal compliance policies, procedures, and materials to the applicable rules in the inventory.
They also needed a platform that could automatically identify any modifications that were needed in their compliance materials whenever a rule change arose.
Furthermore, the client wanted to have clear views of the regulatory rules and compliance data, including heatmaps that showed where the regulatory burden was highest across rules and workflows. This would assist them in the analysis and management of the regulatory changes that affected the rules inventory and associated compliance data.
FinregE’s challenge was to develop a solution that met all of these requirements while also being easy to use and scalable. The company had to leverage its expertise in regulatory knowledge and cutting-edge technology to build a platform that could streamline the client’s compliance management process and provide them with the necessary insights to effectively manage regulatory changes.