Key Features of Sales Practices & Suitability Solution
1. Comprehensive Regulatory Compliance
- Global Standards Alignment: Ensures adherence to regulations from bodies such as FINRA, IIROC, MiFID, CFTC, UK FCA, BaFin, AMF, CONSOB, HKMA, and ASIC.
- Consistent Controls: Implements uniform processes and sophisticated analytics to address diverse sales practices and investment suitability requirements.
2. Enhanced Organizational Productivity
- Automated Alerts and Reporting: Eliminates manual look-ups with automated alert generation, reporting, and audit documentation, increasing staff efficiency.
- High-Quality Alerts: Generates alerts with fewer false positives, creating more consistent processes across the enterprise using fewer resources.
3. Risk Mitigation and Transparency
- Comprehensive Audit Trails: Provides detailed reporting tools and hierarchical organizational views to increase oversight and transparency.
- Client Satisfaction: Ensures brokers advise clients with suitable investment recommendations, enhancing client satisfaction and mitigating risks of litigation, regulatory penalties, and reputational damage.
4. Behavioral Anomaly Detection
- Profile Establishment: Develops profiles of normal behavior for regulated users or groups, related to communications and transactions.
- Managed Analytics Service: Utilizes ActimizeWatch Compliance to assist in creating profiles for individual advisors, groups, and accounts, enhancing detection of deviations from standard behaviors.
