Finastra Launches Compliance as a Service
Finastra, a leading financial technology company, has announced the launch of its groundbreaking service, “Compliance as a Service”. This new offering aims to provide financial institutions with an efficient and cost-effective solution to meet their compliance requirements.
In today’s rapidly evolving regulatory landscape, compliance is becoming increasingly complex and time-consuming for financial institutions. Finastra’s Compliance as a Service allows these institutions to access a comprehensive compliance infrastructure without the need for significant investments in technology and resources.
This service will provide banks and other financial firms with a range of compliance solutions, including anti-money laundering (AML) monitoring, know your customer (KYC) verification, risk assessment, and regulatory reporting. By partnering with Finastra, these organizations can avoid the burden of developing and maintaining these capabilities in-house.
The Compliance as a Service offering from Finastra leverages advanced technologies, such as artificial intelligence and machine learning, to streamline compliance processes and enhance operational efficiency. This enables financial institutions to stay ahead of regulatory changes and reduce the risk of non-compliance.
With Finastra’s Compliance as a Service, financial institutions can access real-time insights and reporting, ensuring they have a comprehensive view of their compliance status at all times. This enables proactive decision-making and faster response to emerging compliance challenges.
“We are excited to launch Compliance as a Service, which represents a significant step forward in how financial institutions manage their compliance obligations,” said John Smith, CEO of Finastra. “This solution empowers our clients to focus on their core businesses while leaving the complexities of compliance to our experts and cutting-edge technology.”
Finastra’s Compliance as a Service is now available to financial institutions worldwide. By utilizing this service, organizations can minimize compliance risks, reduce costs, and improve overall operational efficiency. With regulatory requirements constantly evolving, Finastra’s solution provides the agility and flexibility necessary to meet these challenges head-on.