Complyon for financial institutions

Designed to help financial institutions improve data protection and maintain compliance

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Why financial institutions choose Complyon

Banks and financial institutions are under strict regulatory control, and these regulations 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 provides a solution that is secure and trustworthy, based around an inter-connected data model that promotes organisation-wide understanding. It’s flexible enough to meet each bank’s needs as they develop and implement new regulations. Through Complyon’s automation capabilities, it’s quicker to map data, manage risks, and automate audit-ready reports. It’s also easier to ensure control of your data privacy and keep your bank’s information secure and compliant.

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Easily stay compliant with new regulations

Complyon’s system is based around an inter-connected data model, which makes it easy to understand the relationships between your data and removes 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 – whether it’s new processes or new risks that arise.

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Real-time tracking of risk levels

Complyon’s Dashboard provides a visual overview of all your companies’ risk related data in a simple and intuitive interface. Combining a percentage score with a dashboard makes it clear where risk lies in your business and where mitigation measures need to be implemented.

From the Dashboard, you can easily click through to find out which actions are needed and how to improve your compliance. It provides a helpful metric exposing which areas need work and which need minimal maintenance. Alongside this, it provides insights that can be optimised to improve business performance.

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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.

 

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One overview for all departments

Information and data can often get siloed in banks, and compliance policies can also get 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
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An interrelated and user-friendly data model keeps all data in one place and provides a clear overview.

Dynamic data model
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It’s simple to add new data, systems, processes and third parties to the data model, which expands with your needs.

Automatically generated reports
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Based on the data stored, audit-ready reports are generated in one click.

Visual status in the Dashboard
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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
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Automate communication with stakeholders for effortless data renewal and updates.

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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 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.

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Let's talk about how our experience and software can help your company.