90% Reduction in Processing Time for Personal Account Dealing Compliance

Due to limited resources, the process is burdened with a number of challenges:

– Compliance risk : Only a number of pre-approvals and statements were cross-checked because of limited human resources

– Data inefficiency: Mountains of data were wasted and under-utilised

– Operational inefficiency: Process was slow and costly due to time-consuming checking and investigation procedures

Our personal account dealing solution allows their employees to fill in a trading request form online and then automatically verify the requests against their internal regulations to return approval or denial decision. Our solution also allows for post-trade compliance checking, where compliance officers check the statements that their employees’ brokers sent against pre-approvals to assure that the approved trades are executed accurately

By utilising our solution in pre-approval and post-approval process, our client has secured compliance with 100% cases checked and 90% reduction in processing time.