Banking & Securities

A continually shifting regulatory and legislative landscape has banking and securities firms feeling increasing pressure to effectively manage risk and regulatory obligations while ensuring business continuity and growth – seeking opportunities for increased revenue by driving into new and emerging markets and expanding product offerings. From a compliance and anti-fraud perspective, these new markets create a challenge for firms, who must be able to rapidly screen and monitor a large number of newly acquired client names, against an ever growing list of sanctioned entities. This challenge is often amplified by the fact that the whole process must be completed in a very short period of time.

Though faced with increasingly complex rules and regulations and anti-fraud requirements, such as those laid out by Dodd-Frank, Basel III, the Patriot Act and the EU Third Money-Laundering Directive, many firms still continue to do business with their governance, risk and compliance teams in disconnected silos and working with tools and processes that cannot accommodate the massive influx of new information. These disconnected, inefficient and time-consuming processes ultimately result in internal teams that are more focused on gathering and processing data than they are on strategy and growth opportunities. Additionally, even as regulatory pressures are on the rise, firms are often faced with a resource crunch as budgets and human capital are dramatically slashed in cost-savings efforts.

Facing such a seemingly insurmountable challenge, proactive organizations are now looking to technology solutions that streamline their processes and workflow while connecting those disparate silos to form a complete governance, risk and compliance strategy that ensures they are able to grow and thrive even in the toughest business environments.

A connected GRC strategy provides:

• Proactive insights – news and analysis coverage of pending and enacted legislation and regulation that keeps you ahead of the game
• Informed Choices – regulatory analysis and risk mapping that provides a full view of the regulatory environment and potential impacts to your business
• Dynamic Connections – tools that connect and align regulatory risk mapping, policy management, record keeping, employee training, and board management

Thomson Reuters Accelus directly addresses these needs by providing a purpose-built suite of solutions to help businesses:

• Monitor pending and enacted legislation and regulation
• Track regulatory news and benefit from analysis provided by experts with experience from both the regulatory and client side
• Map regulatory risks and analyze potential impacts
• Streamline policy management by directly connecting internal policies to the underlying rulebooks
• Inform and empowered employees through tailored training solutions
• Screen clients, partners, employees and other business associates against sanction and enforcement lists
• Effective and efficiently reporting to the Board of Directors so that they can make informed business decisions

Thomson Reuters Accelus solutions serve:

• Over 18,000 clients around the globe
• Regulatory and government agencies
• 85% of the world’s top banking and securities firms