The banking regulatory environment is changing quickly, with an average of two regulatory releases every day. Whilst not all releases require immediate action, many do. Banks need to commit a substantial effort into tracking, cataloguing, and analysing the newly released requirements and their impact on their business, risk management and asset allocation.
Finalyse addresses this need in a targeted way that informs the bank on all relevant regulations while removing noise. This service is conducted manually so that we are able to analyse the impact from the client’s perspective. It also allows us to be highly responsive to the newly emerging regulatory topics.
Several Regtechs offer a service where the filtering algorithm is applied. However, they do not provide an analysis of the impact of the new regulation. They also don’t account for the newly emerging topics that are relevant to the client, but are too novel to be a part of the predefined range.