Solvassure

Solvassure’s vision is to become the platform of choice for organisations wishing to automate and consolidate regulatory compliance initiatives using a single trusted vendor with a simple and scalable solution.

THE CHALLENGE

The global banking crisis has resulted in the regulatory landscape of the financial services sector becoming increasingly complex. Senior managers in Asset Management firms are now ultimately responsible for compliance failures in their organisation. New rules for December 2019 include a ‘Senior Managers Regime’ for individuals who are subject to approval, a new ‘Certification Regime’ which will require firms to assess the fitness and propriety of certain employees, and a new set of ‘Conduct Rules’ relating to professional standards throughout the company. Organisations must now be able to demonstrate historical compliance to these regulations and this presents a significant challenge that comes with substantial penalties.

THE SOLUTION

Solvassure helps regulated firms comply with these new accountability obligations by automatically sending out pre-defined attestation checks from a licensed rules library to activity owners and highlighting issues to key stakeholders, making every person accountable. We were the first RegTech firm to be licensed by the FCA and the PRA to use their copyright regulatory material. Our solution can also be extended to other compliance initiatives including GDPR, ISO27001 and the new Corporate Governance Code, consolidating real-time data with supporting evidence on the same dashboard.

 

THE IMPORTANCE

Benefits include savings from efficiency improvements, better traceability, process standardisation and ultimately reductions in penalties. Cost effective seat based pricing with no additional hardware, network, backup or recovery costs, coupled with expert implementation and training services make our solution affordable and indispensable. Solvassure is also a multi-purpose tool which delivers compliance functionality in across multiple disciplines without the need to purchase additional software.

NEXT STEPS

Please go to our website www.solvassure.com for more information and email info@solvassure.com if you would like to talk about your SMCR compliance challenges and how Solvassure can help.

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