With pressure increasing from regulators in South America to meet reporting requirements faster, Insightful Technology was appointed to automate compliance processes and deliver rapid, high-quality responses to the regulator.
Key challenges
- Regulatory compliance in Switzerland
- The challenges of collecting and collating data in a regulated financial services environment
- Localised, secure vault storage in Switzerland
- Surveillance, workflow and reporting needed to meet strict jurisdictional regulatory requirements
Our solution
- Deployed Insightful Technology’s SOTERIA™ solution deployed in just six weeks, ahead of client expectations
- Integrated our managed service, Insightful360, to undertake level zero surveillance
- Deployed two new private cloud locations in Switzerland to meet the data privacy requirements
Benefits
By deploying the mixed solution, and automating a lot of the client’s compliance functions and processes, we reduced compliance costs by 40%.
This was achieved by fully automating their surveillance operations and reporting requirements, creating an integrated and joined up compliance solution that met Switzerland’s strict requirements.
