Using a combination of natural language processing, text analytics and topic modelling techniques, Finreg-E can extract obligations and actions required under regulatory rules.
For financial institutions, these regulatory obligations can be worked with to produce compliance procedures, policies and standards linked to the actual actions required under a regulatory rules text. Regulatory obligations mapping can also be used to highlight gaps in existing policies and standards.
Working with Finreg-E obligations empowers institutions to develop and maintain an organised and fully mapped digital repository of rules, obligations and associated internal procedures and policies. This increases the capability to search for and adapt regulatory compliance for reporting and change purposes.
Contact us today to try Finreg-E Obligations and find out more about building a fully linked regulatory obligation to business compliance standards internal library.
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Frequently Asked Questions
What are tax compliance and regulatory reporting requirements?
Tax compliance and regulatory requirements tend to differ based on local and regional jurisdictions. Regardless of these differences, however, all financial firms need to maintain a meticulous record of their internal and external data to ensure that they are in line with regulatory policies.
Maintaining a thorough record makes it easier to process the necessary data to support compliance reporting.
How can we help you?
We recognise that managing and maintaining regulatory compliance is one of the most time and resource consuming activity. We would welcome sharing with you how we are helping our clients harness the power of technology to solve their compliance problems.