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Financial Services compliance. With increasing regulatory oversight and customer awareness, it is vital that compliance processes are rigorous and transparent and demonstrably working. A scalable system which allows and enforces accountability without being unduly onerous is essential and provided by IPROS Assured Compliance
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Compliance. Performance. Insight.
Improving visible control, Reducing Risk
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
The problem with Compliance
Compliance is a necessity, but why can’t it be certain?
Imagine if…….you could get a view of risks and compliance
trends across your business at any time….your managers could focus on key issues – all
the time
You have a system in place: Reports. Spreadsheets. Faith. But can you see where you are at risk? What’s being done?Could you check that now? Right now?Can you be totally confident your controls are working?
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
What do many people do now?
Lots of data
No information
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
An Inspector Calls……..
• Regulatory environment is placing more demands on sales operations.
• Massive increase in oversight over the past 3 years.
• Aggressive new regulators in the FCA and elsewhere.
• Margins have come under pressure with lower fees and higher costs.
• Compensation can be multiple times fines.
• Share prices under pressure from reputation damage
• Everybody gets fired
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
Assured Compliance – keep it simple
ComplianceSchedule
Systememail
Service Managers & Customers
Operating Units
Single reportingstructure
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
Visible Risk Management
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
View across business units
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
Cross-organisation View
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
Rigorous Actions Management
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
Service & Organisation Performance
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
2 hours• Summary of objectives• Content scope
1-2 days• Build level 1
content• Key project plan• Rollout schedule• Training plan
1 to 2 weeks• Build & test content• Train key users• Complete initial
content• Tailored to fit
1 to 2 weeks• ‘soft’
launch• Pilot
phase• Validate•Tweak process & content
4 to 6 weeks from start
• Pilot service fully operational
• Rollout phase
Initiation
Solution Definition
Iterative BuildLive Test
ValueReview
Deployment Approach
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
Key Benefits
Highlight and manage areas of risk
Transparency of all activity within each line of business
Track actions right across the organisation
Reducing cost of sales – self-audit at customer contact
No paper mountain but a clear audit trail everywhere
Customise to fit business processes in a few days
Rapid Deployment, Immediate Benefits
Industrial Strength, low cost, scalable
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
T: +44 1483 688 000 M: 07979 598742
IPROS CUBE Ltd.Surrey Technology Centre,
Surrey Research Park,
40 Occam Road, Guildford
Surrey, GU2 7YG U.K.
www.iproscube.com
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