Outcomes Monitoring – A Good Practice Guide
MoreCall: 0845 139 4444
Email: hello@square4.com
Call: 0845 139 4444
Email: hello@square4.com
We have seen technology rapidly transform the regulated financial services sector.
Whether it is finding the right technology partner and platform or looking to assess how technology can streamline your approach to compliance, we are here to support.
Further Depth & Detail
The FCA has long recognised the potential benefits of using technology to aid compliance and to deliver good outcomes for consumers. The FCA’s own sandbox is a testament to the regulator attempting to be on the front foot with new propositions and technology solutions. Indeed, as the regulator itself transforms to be ‘data led’ it is now more important that ever that firms embrace this approach and where possible, use technology to aid in compliance activity.
Service Benefits
How Square 4 Can Help
Whilst we are not a technology firm, we have a multitude of partnerships across the industry and have seen first-hand the transformative effects of technology, ranging from customer onboarding to financial crime screening, all the way through to regulatory reporting and customer servicing solutions.
Our extensive sector experience and deep understanding of FCA rules, combined with our knowledge of the technology landscape helps us to choose the best fit for your organisation’s technology needs.
We understand what regulators seek and the benefits that certain solutions can provide to in-house compliance teams. Given our experience, we are also able to support by providing a view on pricing, structures and the benefits of certain solutions, helping to generate a business case for any investment and supporting with the ongoing needs of any solution.
If you would like to learn more about how our technology solutions service, please contact one of our team.
Q. How can technology transform our compliance approach?
A. We have seen developments in data analytics, regulatory technology (RegTech), artificial intelligence (AI) and automation (RPA) all play critical roles in transforming the approach to compliance for firms. The right solution for your organisation will likely entail one or a number of the above components.
Q. How can you support our organisation to transform with technology?
A. We are able to support with the initial scoping exercise, through to solutions procurement and vendor selection, all the way to calibration, implementation and embedding of any new solution.
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