Complyon for financial institutions
Designed to help financial institutions improve data protection and maintain compliance
Why financial institutions choose Complyon
Banks and financial institutions are under strict regulatory control, with regulations that are complex and constantly changing. It’s a continuous challenge to stay compliant, as implementing regulations is time-consuming and complicated, while threats of incompliance include high fines and harmful reputational damage. Simultaneously, customers are demanding more digital solutions where the risks are greater and ensuring security comes at a higher cost.
Complyon offers a solution that is secure and trustworthy, allowing you to work with any legislation or framework, making it ideal for highly regulated industries. Due to a framework-agnostic structure that can work with any legislation you need to implement, it’s flexible enough to meet each bank’s individual compliance needs, from AML procedures and outsourcing to MiFID. The system offers the opportunity to chose which laws your organisation is subject to and the possibility to acquire out of the box examples on a wide range of controls to implement in order to document compliance to the chosen regulation.
Easily stay compliant with regulations
Complyon’s system is based around an interconnected data model, making it easy to understand the relationships between your data and remove silos that occur when data is kept in just one department.
Through a core data-mapping system that allows data, systems, and third-parties to be tracked, it’s simple and quick to add new information to the platform when needed – whatever new legislation needs to be complied with or documented.
Secure storage of all sensitive data
Banks and financial institutions handle sensitive data from their customers, which must be kept secure at all times. Complyon’s system is a platform you can rely on, as it provides a secure way to process information related to where data is located, with the necessary reports generated automatically.
All relevant information about where data is located is kept within the system, adding a further level of security as there’s no need to switch between different systems.
One overview for all departments
Information and data can often get siloed in banks, and compliance policies are often segmented into departments. Complyon’s system places all compliance information in one location, where it can be accessed and updated by all relevant stakeholders, whether they’re in the IT department or the legal department.
Complyon also provides a secure location for all documentation, making it accessible for those who need it, and removing the risk of documentation being lost through inter-departmental difficulties.
Complyon's solution has multiple features designed to help those working in financial institutions
Data-mapping in the Core Module
An interrelated and user-friendly data model keeps all data in one place and provides a clear overview.
Dynamic data model
It’s simple to add new data, systems, processes and third parties to the data model, which expands with your needs.
Automatically generated reports
Based on the data stored, audit-ready reports are generated in one click.
Visual status in the Dashboard
BI-powered real-time status reports that alert you to changes in your compliance level and where action is needed.
Easy communication through the Project Module
Automate communication with stakeholders for effortless data renewal and updates.
Match the regulations you need
Whether it’s outsourcing, AML compliance of MiFID, Complyon’s system can regulate and document them for you.
Compliance every financial institution can trust
Complyon’s system makes working with compliance easier for banks and financial institutions. While there will always be security concerns, new regulations, and new advancements in technology, Complyon ensures that these do not cause a hindrance to the security of your data.
Through a flexible model that allows for updates and new regulations and automates report generation and communication, time and money are saved as all compliance data is easy to access and work with, in just one platform.