The financial services industry continues to attract regulatory focus globally, evidenced by ongoing legislation and an exponential increase in sanctions against financial institutions. Fines are escalating and core business functions are subject to suspension.
Overlapping and sometimes contradicting requirements, resulting from limited coordination between regulatory changes in different jurisdictions, further increase the complexity and impact on financial institutions. A holistic and predictive approach to managing the change portfolio is required, but hard to maintain. Reacting late often results in duplication of effort, increasing costs and compliance risk.
Capnovum’s Compliance Management solution and underlying Joint Learning™ platform address these challenges by combining regulatory monitoring, collaboration and communication tools with PMO capabilities and best practice processes. Cloud technologies enable timely and cost-effective delivery. Machine learning and analytics ensure that content stays relevant and up-to-date.