Traditionally, the financial services back office is the last area of the firm to get the benefit of new technology. The tech budgets usually go to the trading desks or traditional ‘profit centres’ because they are seen to drive revenue, whilst the back-office functions such as compliance are left to struggle on with manual processes and unsuitable tools.
However, given the huge increase in regulation – with no end in sight – if a firm does not address efficiency in these ‘cost centres’ they are missing a trick.
Furthermore, the expansion of personal liability under the Senior Managers and Certification Regime (SMCR) and the increasingly punitive fines for rules breaches drive a need for the Board to have accurate, real-time, actionable information about their compliance exposure.
Ruleguard addresses these needs.
Our vision is a financial services market where it is easy for
firms to comply with regulation through innovative software.
We take pride in helping our clients make light of the regulatory compliance burden and understand that this is not just a case of ‘having a good product’, rather we are a full-service offering which includes on-boarding, advice, consultancy, training, support, product development, networking events, seminars and integration with a client’s existing systems (where needed).
Clients tell us that they very much value this full-service approach and consider it to be a premium offering. Not a software tool, but a full solution to large parts of their regulatory compliance needs.