Appway Announces Regulatory Reviews for Wealth Solution

Appway Announces Regulatory Reviews for Wealth Solution
28.02.2018 08:40 am

Appway Announces Regulatory Reviews for Wealth Solution

Wealth Management

Now available worldwide, Appway designed its newest solution, Regulatory Reviews for Wealth, to comply with evolving regulations while embracing innovation. Wealth managers can use this technology to orchestrate client reviews and obtain a comprehensive overview that supports compliance expertise. 

Appway Onboarding for Wealth and Onboarding for Retail, both launched at the end of 2017, were the first in a wave of innovative solutions that Appway will deliver throughout this year. Due to the introduction of several new regulations all over the globe in 2018, Appway has launched Regulatory Reviews for Wealth to help financial institutions quickly and comprehensively implement regulatory changes across jurisdictions and leverage the potential of innovations created in response to new regulations. 

As stated by a senior executive from a Hong Kong-based private bank, "Our biggest pain point is the growing number of outstanding, lengthy client reviews. Automating the review process by setting up standardized rules for certain groups of clients is very useful. However, for clients with more complex cases, we want a system that also empowers our compliance experts to adapt and apply changes to the review process." 

Appway Regulatory Reviews for Wealth ensures banks have an efficient way to access the right subset of data. With this data, banks can better understand client context and relationships and connect the right information at the right time so that compliance can model the review process, from prioritization to task distribution and monitoring. 

Discussing Appway's latest release, Chiara Gelmini, Business Practice Manager at Appway, said, "Our new Regulatory Reviews for Wealth solution allows the compliance department to automate typical workflows and guide their co-workers in all relevant activities. This way, compliance becomes an integral part of the organizational culture; the bank is compliant 'by design' and does not have to make a huge effort each time there is a change in the regulatory landscape." 

Find more information about Appway Regulatory Reviews for Wealth at www.appway.com/RegulatoryReviews

Related News

Axia Suite 2.1 released with new functional features

Profile Software, an international financial solutions provider, announced today the launch of its recently enhanced Axia Suite release 2.1... Read more »

Profile expands its Partner Network in Europe and Asia

Profile Software, an international Financial solutions provider, announced today that over the past year, it has significantly expanded its Global Partner Network with new... Read more »

Smith & Williamson adopts Avaloq’s SaaS solution

Smith & Williamson, the UK-based financial and professional services firm, has further enhanced its relationship with international fintech leader Avaloq by adopting its... Read more »

Objectway Acquires Algorfin From Unione Fiduciaria

Objectway, the leading Fintech group in Italy and one of the premier European players in software and services for the wealth, investment and asset management industries,... Read more »

CreditEase Wealth Management receives Four Awards at the Asian Private Banker Awards for Distinction 2018 as the Biggest Chinese Institution Winner

Asian Private Banker, a renowned private bank and wealth management research house in Asia Pacific, awarded CreditEase Wealth Management the Best Wealth Manager for Digital... Read more »

Orowealth acquires the WealthTrust platform

Orowealth, one of India's leading Direct Mutual Fund platforms, today announced that it has acquired the WealthTrust platform, including the product and all its users.... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App