Zurich – International financial institutions have been facing gradual increases in pressure from regulators over the past 15 years. The costs and efforts required on the parts of banks to understand the impact of these regulations, and implement organizational change, often occupies a vast amount of yearly budgets and valuable resources.
At the beginning of the new millennium, specific regulations with the aim of introducing more transparency to global money transactions, and suppressing money laundering have been introduced. These have been followed by efforts to better protect client’s rights and the latest set of bold initiatives to eliminate tax evasion. The costs and efforts required on the part of banks to understand the impact of these regulations, and implement organizational change, often occupies a vast amount of yearly budgets and valuable resources.
How financial institutions can leverage their compliance activities to improve efficiency
This free white paper reveals how financial institutions can leverage their compliance activities to improve efficiency and even generate business value. Appway highlights the topics that are best suited for process transformation and talk about an event-based approach to trigger company-wide compliance processes. Important topics discussed in this paper include:
- compliance today
- streamlining work with compliance events
- orchestrate processes instead of distributing data
- improving efficiency with compliance processes
Appway’s specialists explain how compliance processes in particular can be turned into an efficiency gainer in your organization. (Appway/mc/hfu)