Compliance costs continue, and the fragmented approach to Compliance
must discontinue. RegComTech® provides the answer.
The RegComTech® business application agenda is to
customise the technology developments. RegComTech® addresses the duplication,
integration, automation and streamlining issues, desired to address the
mainstream next generation regulatory compliance components of Governance,
Risk Intelligence, Compliance and IT-Security.
The RegComTech® platform is easy to
implement, with a goal to improve and create value from regulatory compliance
and reporting results. The RegComTech® roadmap and framework consists
of a series of interconnected GRC components, designed to enhance the
effectiveness of regulatory compliance;
- Develop and use disruption and enforcement approaches (e.g.,
data analytics and targeting) to achieve more widespread knowledge
of each GRC compliance activity.
- Use and promote RegComTech GRC technology so that regulated entities,
oversight and stakeholders can more easily see toxic GRC issues and
the non-compliance business environmental conditions thru a unique
monitoring and controls methodology.
- The focus on all internal and external disclosures helps
to make the GRC reporting accurate, complete, and efficient while
helping all stakeholders, to get updated information to improve effectiveness,
accountability and transparency.
- Develop the accountability and transparency by making information
more accessible to all stakeholders. The focus on accountability and
transparency issues will identify the GRC process and skills gaps
for non-compliance opportunities.
Organisations that have mandated risk and compliance reporting must evaluate
the agility and sustainability of their current approach. The growing
costs, complexity and regulatory scrutiny is a good business case to investigate
the integrated RegComTech approach to;
- Cost-effectively maintain and enhance the reporting system(s)
- Remain compliant by adapting system(s) to meet emerging requirements
- Provide assurance and remediation capabilities
The RegComTech® compliance program starts with a workshop where the board
of directors to provide the right tone-at-the-top to senior management
and GRC officers to adjust, educate, train and ensure that the right and
flexible 0new skills are available quickly and efficiently throughout
the organisation
