Regulatory change management is a process that all ﬁnancial institutions – and many other organisations – go through to track, analyse, and implement changes. It’s essential to any compliance framework.
The longer it takes to detect regulatory change and understand which policies, procedures and controls are impacted, the greater your compliance risk.
Can you afford the time it takes to identify relevant regulation changes and respond accordingly?
When it comes to regulatory compliance, the pace, scale and complexity is daunting and the only way to be able to address this is through the application of tools and automation in regulatory change management.
An attempt to overcome the challenges of increasing regulatory overload has inspired global financial institutions to take on regulatory change management programmes, especially utilising automation and technology.
Effective regulatory change management requires robust regulatory intelligence.
Where are the gaps? Challenges of first-generation change management systems
First-generation regulatory change management systems, pre-RegTech and pre-AI, are inherently ingrained in an organisation. The enormity of the task of switching can be an overwhelming thought. But it doesn’t need to be.
Why CUBE can help
With CUBE, you define your business requirements and taxonomy, and we automatically define the universe of regulation that is relevant to your business. We then connect the two together to give you a holistic, bird’s-eye view of your compliance status, globally, across your enterprise.
By automatically alerting you to regulatory gaps as soon as they arise, you have more time to evaluate the impact of regulatory change and make the right, risk-based decisions.
CUBE Digital Regulation Platform (DRP) simplifies the regulatory change management process, giving peace of mind that your regulatory risk is being managed effectively – regardless of which jurisdictions you serve, which lines of business you operate and which regulatory challenges are top of mind.