Multiple Obligations Oversight
With Governor Software ground-breaking technology, any risk, regulation, legal obligation or management obligation can be quickly defined and then mapped to the clients compliance & risk program.
Governor Software Wins Agile Category in the Grant Thornton UK LLP RegTech Awards
“In judging this category, we found that Governor’s oversight technology can help financial firms with some of their most challenging risk and regulatory issues such as manually intensive, inefficient and ineffective reporting processes”
Governance and Oversight are two key words that are continually sited by the regulator looking at firms boards and Senior Managers to take ownership for their decisions, with serious fines and even imprisonment for those who don’t.
The process of compliance oversight is relatively simple in theory but financial institutions have historically made it extremely complex and unwieldy.
In order to root out the inefficiencies and make the process more effective a straightforward re-thinking of the practise is needed. This doesn’t mean pulling up the roots and starting again, but defining and mapping the oversight requirements and process as part of defining the core compliance requirements. In short ‘design in good oversight’.
This approach will support oversight becoming a standard item and the days of running around looking for old spreadsheets, presentations and emails should become a thing of the past.Download the Governor Software Compliance Oversight Guide to find out more