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.
- Riskfactor for commercial lending analytics
- Know Your Customer (“KYC”) workflow technology for on-boarding and monitoring commercial and retail clients
- Pancredit for consumer lending