Automatically monitor regulatory updates to map to your internal policies, procesures and controls. Learn More
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1558 Enforcement Actions in the U.S. over past 30 days

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FTC enforcements decreased 55% over the past 30 days

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SEC issued enforcements: $37,812,859 over the past 30 days

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50 Final Rules go into effect in the next 7 days

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49 Mortgage Lending docs published in the last 7 days

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1670 docs with extracted obligations from the last 7 days

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new Proposed and Final Rules were published in the past 7 days

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11906 new docs in pro.compliance.ai within the last 7 days

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Considering RCM Solutions?  Here’s an RFP to get started.

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Firms
Banks

The banking sector is undergoing a radical transformation. Long-standing business practices at banks are constantly challenged and re-shaped by socioeconomic, competitive, and technological shifts: new business models, disruptive technologies, emerging FinTechs, and regulatory expansion. Banking executives must now embrace innovation in every aspect of their operations to not only retain existing clients but also to foster business growth.

As information breaches become more frequent and privacy concerns increase, compliance and regulatory obligations have proliferated. Unfortunately, regulatory compliance can also limit bankers’ ability to innovate and launch new products and services.

Ongoing economic volatility and an increasingly complex regulatory environment means that bankers find themselves facing more risk than ever before.

Due to increased competition from innovative and agile companies, rapidly eroding client loyalty is an urgent concern that demands immediate and constant attention. Clients increasingly expect personalized interactions with banks in ways that maximize ease of use, convenience, privacy, and security. Digitization across all business operations and functions is critical to addressing clients’ demands and reducing costs to maintain profitability.

Banks that embrace and prioritize new technologies and find ways to align business operations to meet client demands will emerge stronger from these volatile times.  However, addressing regulatory obligations and aligning risk management to the “new normal” must remain top of mind for executives and line of business managers: clients have little patience for compliance gaps that can be a sign of mismanagement. Strengthening and streamlining these functions will allow risk and compliance experts to better engage with the lines of business to support innovation within regulatory boundaries.

Compliance.ai delivers the market-leading regulatory change management solution (RCM) designed specifically for BFSI firms.  

Benefits of Compliance.ai for Banks

Deliver Transparency and Smooth Your Transition

Mitigate compliance risk by deploying an RCM command center to gain insight into the regulatory change management and compliance functions.

Leverage the industry’s proven and trusted implementation methodology to move away from manual processes and meetings to adopt standardized and repeatable regulatory change management processes aligned to your specific risk and compliance model.

Scan the Horizon and Filter Out Noise

For banks, Compliance.ai automatically monitors regulatory updates from agencies such as the SEC, FINRA, UK-FCA, HK-MA, and EU-ESMA — but delivers only the content that is relevant to you.

The information also includes guidance on topics important to you — such as Broker-Dealer, BSA/AML, Cybersecurity, Privacy, and Securities — published by CFA, CFTC, FIA, NAAIM, NAIC, and SIFMA.

Analyze Impact and Take Action

Compliance.ai’s Requirement & Obligation Analysis feature relieves the burden of line-by-line analysis. Instead, we automatically identify a summarized list of relevant obligations for regulatory changes. The capability automatically highlights differences in regulatory content across jurisdictions and identifies obligations and requirements. Bring Your Own Content helps automatically map regulatory requirements to your internal controls, policies, and business processes to identify and analyze the changes needed to ensure compliance.

Initiate Workflows and Break Down Silos

Our intuitive workflow technology promotes collaboration and ensures that all activities are monitored and completed.

Compliance.ai improves budgeting and resource planning by helping managers get an accurate read of workloads and important deadlines.

Collect Evidence and Speed Audits

SEC and FINRA audits and exams are a fact of life, but findings and enforcement actions don’t have to be. Our solution automatically collects evidence that obligations have been met and delivers accurate, third-party-certified reports to provide auditors with the assurance they need.

It’s time for world-class regulatory change management.

Get the AI-powered, expert-managed regtech solution designed for financial services enterprises.

Schedule a Demo
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