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Tackling Regulation

The regulatory environment is constantly evolving to protect consumers’ interests, with more than 80 pieces of legislation passed since the financial crisis (British Banking Association).

This means that organisations face rising compliance costs and the need to upgrade their technology in response to new regulations, while still contending with past changes to the rules.

For example, pension freedoms, which came into force in April 2016, are driving product innovation by life insurance companies and other fund providers as they look to attract savers with flexible retirement income products.

Equiniti works in highly regulated markets like financial services, utilities, telecommunications and the public sector, where there are significant financial penalties for mis-selling and not treating customers fairly. The services we offer include:

  • Rectification and remediation
  • Pensions technology
  • Managing cyber security and identity fraud
  • Support for consumer lending
  • Legacy services

We have a range of capabilities in regulatory technology, or RegTech, which principally supports analytical workflow in areas such as money laundering, customer on-boarding and fraud prevention.

 

Next: Digital Transformation

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To find out more about how Equiniti can help your organisation, get in touch with us today.