Recent developments around COVID-19 mean that everyone must re-think the way they work, and how they interact. For many office-based workers this means working from home.
The heads of compliance at financial institutions were already stuck between a rock and a hard place, trying to deal with both increased regulatory requirements and the demand to cut costs. COVID-19 additionally forces compliance teams to work remotely often with multiple spreadsheets, share-point files and disparate emails. With no coherent frame of reference, remote working is particularly challenging.
So, what does this mean for compliance teams working remotely – how easy is it to continue to monitor regulation, track compliance and continue to work as a team, assigning and tracking necessary tasks all from a number of remote locations?
Founded in 2015, Governor Software provides solutions to allow firms to track ongoing regulatory standards, monitor its firms compliance and assign and track tasks from a secure cloud based solution. It’s cost efficient solution Governor Reg: FCA Solution was initially developed within the testbed of the FCA and BofE Techsprints. Through this process Governor Software developed the first ever live, actionable version of the FCA Handbook (licensed by the FCA). This solution has now been broadened to support firms not only with FCA & PRA but all global Regulations, that users can log-in from any location.
View this webinar showing how Governor Software can help to future proof your Compliance office by quickly enabling your staff to monitor regulation, track compliance and continue to work as a team, assigning and tracking necessary tasks from a number of remote locations.