back Back

BCT Digital adds Compliance Management to its rt360-GRC product suite

By Leandra Monteiro

May 12, 2022

  • BCT Digital
  • Compliance Management
  • Governance
Share

BCT DigitalBCT Digital, a global FinTech company specialising in regulatory technology, has launched ‘rt360 Compliance Management’, which enables organisations to automate their compliance processes, helping them achieve better compliance at a lower cost. By automating the overall process, it conducts continuous monitoring thereby proactively detecting any compliance violations to protect the company from considerable reputational damage and high financial penalties.

It operates on five key elements. Firstly, it enables organisations to maintain a comprehensive library of regulations with regards to Compliance Management, wherein authorised users can add new regulation requirements such as external regulations or internal policies and map them at a process, department, or organization level. Secondly, it allows the initiation of Compliance programs on a planned or on ad-hoc basis allowing to create and perform standardised compliance programs. It enables the company to foresee and prevent potential risks early and improve collaboration across verticals to provide critical real-time insights into compliance processes.

Further, the rt360 GRC solution comes up with a Compliance Register which serves as a centralized process repository for creating and managing internal policies and external regulations. Mapping of risk, controls, and other parameters for compliance can be performed through the application. It also helps in conducting periodic assessment and monitoring of organisation’s compliance requirements to check the effectiveness of each control. The solution, further, offers reporting solution enabling persona-based reports and a comprehensive Compliance Dashboard to get data insights and monitor adherence.

The application provides an integrated and holistic view of tracking compliance, risks and audits related to compliance through seamless integration with in-house systems and external third-party systems.

Jaya Vaidhyanathan, CEO, BCT Digital said, “We are delighted to add a crucial Compliance Management solution to our rt360 GRC product suite, which reduces risk of compliance violations, penalties and reputational damage. Driving compliance proactively is a significant challenge faced by many organizations due to the ever-changing regulatory landscape. Organizations need to constantly monitor the adherence to both outside regulatory and legal requirements as well as internal policies and bylaws. We are certain that the distinctive features of rt360 Compliance Management will help companies in achieving better compliance at a lower cost.”

Previous Article

May 11, 2022

Multigate.io leads the future of global payment gateway services in Africa

Read More
Next Article

May 12, 2022

Wolters Kluwer launches OmniVault for Real Estate Finance technology solution

Read More







Advertise with us



IBSi Daily News Analysis

The Weekly Wrap

July 01, 2022

BCT Digital

The Weekly Wrap: all you need to know by Friday COB | July 1st

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 30, 2022

Veriff identity verification solutions now available to Twisto’s BNPL clients

Read More

June 28, 2022

Canadian Banks partner with CanDeal to deliver industry-wide KYC solution

Read More

June 27, 2022

SignD uses Smart Engines AI solutions for credit card OCR

Read More

Related Reports

Sales League Table Report 2022

£ 1,500.00 / year

Know More
Global Digital Banking Vendor and Landscape Report Q1 2022

£ 1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2022

£ 1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q1 2022

£ 1,500.00 / year

Know More
Treasury and Capital Markets Systems Report 2021

£ 1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2022