Ensuring consistency in cross-jurisdictional operations, while still catering for local nuances is the biggest challenge for Group Ops (COOs) teams. We recently demonstrated to a North American insurance group how their group policies can be quickly adapted or adopted across ...
Banks, Insurers, Brokers, Asset managers are all in the business of selling promises. Money today for an outcome tomorrow. Financial Regulation is all about making sure that these financial firms keep their promises. The bigger the promise the more the ...
“Call it a Compliance Manual and no one will read” … why do we call such an important set of instructions, such a discouraging name? “If you build it, he will come”, often misquoted as “they will come”, was the ...
Stop asking compliance teams “Why not?”, instead ask “What would it take?” and see the magic happen … Rather than asking “Why can’t it be done?” ask “Can we do it if we put these controls and monitoring in place?” ...
Why do compliance teams replicate in the business the very features they hate about regulation – ambiguity and dispersion? Ask a compliance person about their biggest frustration with regulation and they will be quick to point out how the rules ...
Are your business policies Swords – that cut to the point, or Shields that hide information behind layers and layers of text? Most Policy Suite “Armouries” out there are full of Shields that aren’t very useful in a fight against inefficiencies. CoVi Analytics can help ...
Break free from legacy thinking before replacing legacy systems otherwise, the effort is wasted. Let’s start with how we manage and deliver business policies. I challenged folks to stop breathing life into dead business documents that no one engages with ...
This Halloween let them rest in peace! Managing business policy document-suite is one of the biggest non-value-add activity done at scale by financial institutions today. Let’s be honest, no one is reading these except for the folks writing & signing ...
“Stop treating it like a BURDEN!” It’s hard not to draw a similarity between businesses’ attitude toward compliance vs. kids’ appetite towards veggies. It’s good for them but they see it as a barrier between them and sugary treats. The ...
