managing risk with assured compliance
DESCRIPTION
Presenting the Assured Compliance solution. Enabling effective risk management in real-time, ensuring Compliance with the FCA Treating Customers Fairly (TCF) rules and ensuring evidence of complianceTRANSCRIPT
Compliance. Performance. Insight.
Assured Compliance: Effective Risk Management
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
A Demanding Regulatory Environment
• Regulatory environment is placing more demands on operators.
• Massive increase in oversight over the past 3 years.
• Aggressive new regulator in the FCA.
• Margins have come under pressure with lower fees and higher costs.
• Compensation can be multiple times fines.
• Share prices under pressure from regulatory risk perception.
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
What is Assured Compliance?
Compliance is a necessity, but why can’t it be easy?
Imagine if…….you could get a view of risks and performance
trends across your business at any time….your managers could make the best use of their
time – all the time
Can you be sure you’re consistently treating customers fairly? Could you check that now? Right now?
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
What is Assured Compliance?
Simple to use software platform for operational activity, compliance and risk reporting across the organisation:
Improving information flow & accountability
Tracking actions & delivery Reducing admin overhead costs Immediate view of performance &
quality Managing and Reducing risks
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
Assured Compliance
ComplianceSchedule
Reminderemail
Service Managers & Customers
Service Locations
Single reportingstructure
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
What do many people do now?
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
Key Benefits
• Highlight and manage areas of risk
• Transparency of all activity within each line of business
• Track actions right across the organisation
• Saving time and money, improving revenue
• Better than 5 times payback in year one
• Customise to fit your processes in a few days
• Rapid Deployment, Immediate Benefits
• Industrial Strength, low cost, scalable value
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
2 hours• Summary of objectives• Content scope
1-2 days• Build level 1
content• Key project plan• Rollout schedule• Training plan
1 to 2 weeks• Build & test content• Train key users• Complete initial
content• Tailored to fit
1 to 2 weeks• ‘soft’
launch• Pilot
phase• Validate•Tweak process & content
4 to 6 weeks from start
• Pilot service fully operational
• Rollout phase
Initiation
Solution Definition
Iterative BuildLive Test
ValueReview
Deployment Approach
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
Risk Management
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
Actions Management
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
Customer, Service & Organisation
Copyright 2011-2013 IPROS Cube Confidential & Proprietary material
T: +44 1483 688 000 M: 07979 598742
IPROS CUBE Ltd.Surrey Technology Centre,
Surrey Research Park,
40 Occam Road, Guildford
Surrey, GU2 7YG U.K.
www.iproscube.com
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