Regulatory Technology (RegTech)

• Review the firm’s objectives and determine whether an appropriate RegTech vendor exists, or whether the use case is sufficiently unique to warrant bespoke development

• Clients beneft from Braithwate’s expansive market knowledge

• Define high level solution requirements

• Survey the market and select a short-list of 2-3 vendors

• Conduct a pilot / proof-of-concept with the preferred vendor

We help our clients focus on the key questions for success:

• How will the platform integrate into business processes?

• How will the system technically integrate into the firm’s IT architecture

• What broader change is required to achieve the business objectives?

• The regulatory business profile defines the key attributes of a firm’s business that determine the regulatory obligations which apply to that business

• We use an iterative approach to developing a regulatory business profile; the more granular the profile, the better the results

• It’s important that the business profile is kept up to date as the firm’s business and the markets evolve

• Read more about our approach here

• Today, many RegTech platforms are starting to use Artificial Intelligence (AI), Machine Learning (ML) and Natural Language Processing (NLP)

• These technologies can be incredibly powerful when employed correctly, but can lead to significant compliance risks if used inappropriately or insufficiently tested

• Braithwate’s Data Scientists and compliance advisors are experts in designing and testing AI, ML and NLP algorithms for use in RegTech platforms.

• As with any system, a lot of the value comes from the insight the firm can derive from its reporting

• For RegTech systems, this usually focuses on emerging requirements (horizon scanning) and compliance gaps

• We can help you design effective reports to stay on top of compliance risks

• The final stage of a RegTech platform implementation project is to ensure that the tool is fully integrated into the firm’s compliance processes

• We work with our clients to redesign processes to enhance efficiency and improve risk management

• We also design and deliver training to help staff understand how to use the new platform