Regulatory Compliance Support
Guard against risks.
Invest in our Governance, Risk and Compliance Solution.
Banks, financial services organizations face an ever-changing flow of new laws and directives from national and international regulators—from improving transparency and risk management to fighting terrorism financing and money laundering.
Sarbanes-Oxley, Basel II, IFRS, MiFID, SEPA, AML, the U.S. Patriot Act and KYC are just a few of the well-known regulations that are impacting your business. And coming up are Basel III, MiFID2 and FATCA. Experts estimate that one-third of a bank’s IT costs are spent on complying with regulatory requirements. This amounts to a huge potential for optimization and cost savings.
Our Governance, Risk & Compliance (GRC) Solution is based on the market-leading Business Process Analysis (BPA) technology with workflows for governance, compliance and operational risk management. Using our solution, you can adapt flexibly and quickly to new global, regional and local regulatory requirements.
Count on our solution to help you:
- Reduce the time-to-compliance for new regulations
- Ensure transparent process instances and exception handling
- Leverage compliance-related investments for business improvement initiatives
- Free up your IT resources for more value-generating activities
- Gain complete control over every process instance, a key requirement of many regulations
- Move beyond spot testing of internal controls to dynamically monitor the real-time performance of every business process, transaction and control point
What’s more, our rules engine contains all of the business logic and checks that are required for internal controls and regulatory mandates.
Call EDS today to gain more insights in avoiding financial risk..