Why banks should improve the second layer of their compliance ecosystem
byMaud Vonlanthen on 11 Apr. 2022
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.