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 Blog Summary

(Displayed in Reverse Chronological Order)


29. Outsourcing Bespoke Solutions: Key Considerations

Innovative technologies are changing the way we think, offering unprecedented insights into our business landscape.

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28. Global joint venture saves time and money through innovative document control system.

Introduction

Dragados Sisk JV (DSJV) is a joint venture between two global construction companies, engaged by Cross Rail to construct a tunnel from London Docklands to Farringdon and Pudding Mill Lane, to Stepney Green, in East London.

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27. When Pharma Comes Knocking At Your Door. A use case story.

Introduction

is a free service that delivers any prescriptions or treatments straight to your door. Their mission is to become the most trusted online patient care provider of medications & treatments, both prescription and non-prescription, within the United Kingdom.  This service is offered via an online website and a mobile app.

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26. Regulatory compliance solutions: Why they matter for SM&CR

Very interesting reading through the FCA list of fines 2016 and 2017. Whilst only a few directly apply to senior managers or insurance firms, a strikingly large number of fines have been levied due to lack of fitness/propriety as well as culture/governance. The former predominantly being charged against individuals in the thousands and the latter to businesses in the £millions.

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25. Data Analytics:  Why Accelerated Development Matters.

Having the most up-to-date information from the widest range of sources readily to hand, enables better strategic planning and faster optimisation of those plans, enabling businesses to outperform their competitors because they simply see more information about their businesses, the competitive landscape and can react more quickly.

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24. Embrace the Digital Disruption. It will give you competitive advantage.

Large volumes of data provide unprecedented insights into any business, as well as their competitors. Big data requires detailed understanding of all this data, in order to create the reports and dashboards senior executives require to make strategic decisions.

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23. Digital Disruption Trends for 2018: Are You Prepared?

2018 will bring an even greater digital disruption, as innovative technologies take this industry to a new level. Foundations laid in previous years, such as big data collection, real time sourcing and data analytics have all provided business leaders with accurate and up to date information, enabling them to gain an unprecedented insight into their & competitive firms to really understand industry trends, set benchmarks and create growth strategies.

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22. 3 Challenges with Data Analytics: Part Three: Data Warehouses

It’s no surprise that data warehouses are key elements of any business today. These vaults store vast amounts of operational business data, with incredible security encryption, to ensure this information is made available only to those that own it.

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21. 3 Challenges with Data Analytics: Part Two: Real Time Data Sources

Having the most up to date information gives a competitive advantage to any business. Real time information enables companies to really understand what’s happening inside their business NOW, enabling them to analyse and optimise everything – from business processes to automated system workflows.

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20. 3 Challenges with Data Analytics: Part One: Big Data

‘Guestimating’ is definitely a thing of the past. Today’s technological advances offer us the ability to collect data from literally everywhere, enabling us to pool this data to analyse for whatever purpose we require.

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19. GDPR: Translate Data Subject Rights into actionable business and IT processes.

Everyone is talking about GDPR for all the obvious reasons. Impending deadline, heavy fines if non-compliant, to name but a few. Understanding how the individual new regulations will affect your business and IT processes is crucial to ensuring your business will not only prepare for, but continue to be, compliant.

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18. GDPR Solutions: Top 3 Barriers & How To Overcome Them

It has been adopted for over a year. It will become regulation in less than a year. It will apply to any entity which holds information on EU citizens, regardless of where the information is held. If your business has not put systems in place to meet these regulations, you WILL face heavy fines, up to 4% of your global turnover. Can your business afford that?

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17. Implementing Solutions to Address GDPR Compliance7

It has been adopted for over a year. It will become regulation in less than a year. It will apply to any entity which holds information on EU citizens, regardless of where the information is held. If your business has not put systems in place to meet these regulations, you WILL face heavy fines, up to 4% of your global turnover. Can your business afford that?

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16. GDPR: Get the Facts, Act Now!

Everyone is talking about it. With impending deadlines, it is increasingly becoming more important and on the radar of most directors/managers and board members. The General Data Protection Regulation or GDPR for short. But what exactly is it? Why is it important? What are the key changes to the Data Protection Directive (DPD)? What are the dealines?

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15. RegTech Barriers: Top 5 tips on how to overcome them

With ever increasing complex PRA regulatory requirements being placed on investment institutions, insurance companies and banking businesses, it is no surprise that they are turning to technology to get a grip on the demands being placed on them.

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14. Ensure your ROI when implementing a RegTech Solution

One of the dilemmas faced by Compliance Directors is the ability to demonstrate ROI to the Board, in proposing the implementation of what may seem like yet another technology solution.

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13. What are the benefits of RegTech?

Insurance and Banking firms are increasingly facing tighter controls from governing bodies to ensure they are completing all transactions in a responsible manner. Adhering to these tighter controls

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12. 6 key considerations when purchasing a FinTech or RegTech solution.

As the Financial Conduct Authority (FCA) puts ever more focus on strict compliance rules for Senior Managers in terms of ensuring responsible individuals are fit to carry out their roles and responsibilities effectively, insurance firms are continuing to turn to FinTech and/or RegTech solutions to help manage their regulatory compliance.

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11. What is RegTech? Why is it so important?

According to a recent paper on the 2017 regulatory outlook from Deloitte, firms will face ever increasing regulatory requirements in the year ahead. Only those that adopt innovation will be able to succeed in keeping up with these new demands.

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10. SIMR and SMCR Compliance: time is running out!

With the impending March deadline approaching, course completion requirements looming and functional head availability questionable; compliance professionals really need to get on top of the governance and responsibilities mapping NOW.

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9. You know SIMR; but do you know SMCR?

The end of the year is a busy time for many. For others it gives us time to reflect and open up opportunities for change in preparation of a new year.

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8. You know SIMR; but do you know SMCR?

Regulators are looking at past regulations such as the Approved Person Regime (APR) as they are trying to address the issues of accountability in the financial services sector – focussing on the senior management levels.

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7. Do you actually need a FINTECH solution from a business with industry experience? Yes you do and here’s why

We’ve all been using computers now for decades. We all have our preferred methods of storing key information. Regardless if it concerns a business process, employee information, competitive analyses, or vital lead and customer requirements data.

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6. FINTECH: One for all or all for one?

Insurance businesses are complex and demand suitable technology solutions matching each and every requirement. Inevitably, numerous systems are set in place to manage various tasks in the day to day running of these businesses. IT departments are then inundated with the onerous task of building links between these systems.

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5. Summertime & the SIMR is easy

August is a slower month – whether you are away for a bit, or simply enjoying a quieter time in the office as others are away. This is the time to get your compliance and IT housekeeping in order. The ideal time for organising your regulatory information & setting up your FINTECH solutions to ensure that you have all your regulatory requirements per senior manager in check.

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4. Can you live without today's Innovative FINTECH solutions?

Really?

Today’s digital era is bringing a plethora of business critical systems into the city. FINTECH is a vastly growing business, helping numerous companies not only digitalise paperwork, but also automate many work processes.

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3. 2016 SIMR Compliance Reporting: 3 Sides to the Coin?

The call comes in to the compliance department. Access to the company governance map, existing role and function definitions as well as individual statuses have been requested. Now the scramble begins. The compliance manager calls the relevant senior insurance managers, who in turn call their IT managers...

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2. Senior Insurance Managers Regime
New Rules for 2016


I am sure by now most or all of us have been made aware of the new SIMR regulations and subsequent reporting requirements.

To sum it up, the PRA has mandated a new framework for insurers to comply with, entitled the Senior Insurance Manager’s Regime (SIMR). Those that run regulated firms should have clearly defined responsibilities and behave with honesty, integrity and skill...

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1. The Ever Increasing Need For Compliance Reporting:

The Challenge & the Solution

The compliance professionals’ job is never an easy one. I have been involved in this business for a long time and am very aware of all the challenges compliance professionals face on a day-to-day basis...

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