1WordFlow Comply – Compliance from the “Inside Out”
Regtech applies to new technology developed to help overcome regulatory challenges – that aims to:
- Standardise regulatory processes
- Create unambiguous interpretations of the regulations, and
- Bring a degree of automation to compliance processes.
Regtech is not only about compliance in financial services – its relevance extends to regulation across multiple industries including, for example, healthcare, energy, telecoms, agriculture, and renewables.
Regtech The Old Way – Compliance from the “Outside-In”
Most companies are perpetuating an “outside-in” approach to applying regulation to their policies.
They are manually identifying how every regulation affects every policy and procedure. This approach is:
Time consuming and manual
It relies on increasing the size of compliance teams to address new regulation
Human error is unavoidable
The same process is repeated for every new regulation
Introducing 1WordFlow Comply Compliance from the "Inside Out"
Our unique conversion and enrichment technology: