Rabbit-Hole®


Regulatory Compliance Management

RCM Is a RegTech solution using Compliance By Design framework to achieve the
following objectives :
  • Regulatory Requirements Library
    • It Provides a comprehensive view of regulations affecting the business and Identifies the relevant obligations applicable to both business lines and products;
  • Compliance Assessment Tools
    • It provides various tools for a better and more accurate risk assessment process:
    • Search Engine
    • Self-Assessment
    • Internal Examination
    • Financial Risk Indicator
    • Report of Examination
    • Audit Reports Track
    • Regulatory Reports Track
    • Assessment Methodology
    • Product Risk Assessment
    • Customer Complaint
    • Compliance Maturity Assessment
    • Case Management
    • Whistleblowing
    • Advisory Management
    • Financial Crimes Reporting
    • Compliance Mail Tracking
    • Corrective Action Monitor
  • Reponses to Regulator
    • It provides a transparent and proactive reporting of compliance risks to regulators and management and tracks the corrective actions deemed necessary.

Business Benefits


Proactive
Transform the compliance department from reactive role to pro-active role and provide a clear direction in term of regulatory impact on a certain action or decision
Confidence
It provides greater confidence in meeting the board agenda on wider organizational governance, transparency and proactive reporting of risks and compliance
Compliance Level %
It provides the c-suite with the exact compliance level percentage of the organization
Pin Point Nonconformities
It pin point the nonconformities and shortfalls and manage regulatory risks before they even occur
Compliance Strategy
Through RCM regulatory mapping the regulatory uncertainty will be eliminated and this will lead to understand future vulnerabilities and selecting an appropriate compliance strategy

System Features


Cost of Compliance
It help to drive down the cost of compliance by simplifying and standardizing compliance processes through automated mapping of regulatory risks to key business lines, thereby reducing the need for manual and duplicate checks.
Advanced Data Analytics
Allows regulatory information to be analyzed in various ways, including scenario analytics and horizon scanning for new regulations, thereby helping organizations to proactively identify risks and issues.
Automated Monitoring of Compliance Standards
Conduct automated monitoring of compliance standards to assist in assessing the regulatory risks, including a set of remediation actions such as the activity plan, user accountability, nature of testing required and necessary documentation.
Regulatory Risk Identification
Identify and determine the baseline regulatory risks for each business area after considering the risk impact and risk mitigation factors.
Monitoring Regulatory Changes
Monitor regulatory changes by keeping a history of regulations issuance and linking related regulations together. Also by adopting a rigorous change management processes will maintain conformity with new regulations.
Standardized Compliance Risk Taxonomy
Define a standardized compliance risk taxonomy including the regulatory risk impact, controls and mitigations standard, to enable regular monitoring and reporting.