Why banks should improve the second layer of their compliance ecosystem

byMaud Vonlanthen on 11 Apr. 2022

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The recent sanctions against Russia are adding to the existing and ever-growing list of directives issued by regulators around the world, putting financial institutions under unprecedented regulatory pressure.

As banks are forced to adapt quickly, their compliance costs are bound to soar accordingly. This situation is not sustainable, and they are seeking innovative ways to remain compliant while trying to keep costs under control. But there are solutions that can help them modernise their existing infrastructure without having to replace their entire back-end technology: improving the second layer of their compliance ecosystem can actually help them do just that.

In this article, our CEO, Gion-Andri Büsser, looks in detail at ways to reduce the financial burden that comes with regulatory compliance, and provides concrete solutions to enable financial institutions to be more agile in their approaches.

And if you’d rather listen than read, we recommend you watch his presentation at the last AML & Fincrime Tech Forum: “Benefits of a Two-Layer Regulatory Intelligence Platform to fight Financial Crime”.

Want to learn more about how we can help ? Check out our solutions or contact us, we’ll be happy to arrange a demo and provide additional information about our solutions.

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