back Back
Seeking to raise capital? Seeking to invest? Click Here & Express your early interest to be a part of IBS Intelligence’s new fund initiative.

Plenitude rolls out financial crime compliance solution

By Megha Bhattacharya

February 09, 2021

  • Plenitude
  • UK
Share

Plenitude ConsultingFinancial crime, risk and compliance solutions provider Plenitude today announced the launch of Plenitude RegSight, a cloud-based Financial Crime Compliance (FCC) obligations management solution. The new tool will provide a cloud-based technology platform to identify and manage FCC obligations, improve operational efficiency and drive more effective financial crime risk management.

Alan Paterson, Plenitude Managing Director, said, “We are delighted to announce the launch of RegSight today. Financial Crime Compliance obligations management is a critical enabler to address the regulatory and social imperatives for more effective financial crime risk management. Historically obligations management has been complex and costly due to the lack of bespoke technology solutions resulting in firms conducting the work inhouse or accepting sub-optimal solutions”.

According to Plenitude, RegSight enables the immediate identification of specific legal and regulatory obligations across a multitude of sources, jurisdictions and FCC domains along with corresponding regulatory and industry guidance, including the latest UK laws and regulations post-Brexit.

Paterson continued, “To address these challenges we embarked on the development of an innovative and comprehensive cloud-based solution with input on the design from experienced FCC industry practitioners. We believe RegSight is unique in terms of the combined FCC obligations content, product features and functionality that is expected of a leading RegTech subscription product.”

Plenitude offers advisory, transformation services and cloud-based RegTech subscription products. They aim to address the legal, regulatory, reputational and social imperative for financial institutions to take steps to mitigate financial crime risks.

Asad Choudhary, Partner at Plenitude, said, “RegSight is the culmination of a three-year development effort. Most importantly, it is cost-effective and less resource-intensive when compared to the cost of managing an Obligations Register internally, with cost savings typically in the region of 50-70%. As a result, we are already seeing strong demand for the product from our existing client base and looking forward to deploying the product across the financial services industry.”

Previous Article

February 09, 2021

Climate First Bank (I/O) selects Finastra as a technology partner

Read More
Next Article

February 09, 2021

Indian tech company ValueLabs announces Bitcoin Linked Options

Read More










IBSi Daily News Analysis

5G, India, Telecom

August 09, 2022

Plenitude

The 5G race has begun in India; how will it affect payments?

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

Today

iDenfy collaborates with Peccala to prevent its customers from fraud

Read More

Today

Sirar by stc signs partnership agreement with Fintech Saudi

Read More

August 05, 2022

Encompass Corporation states that banks see greater AML risk due to sanctions

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
IBS Intelligence - Global Digital Banking Vendor & Landscape Report Q2 2022
Global Digital Banking Vendor & Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Wealth Management & Private Banking Systems Report Q2 2022
Wealth Management & Private Banking Systems Report Q2 2022

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q2 2022

£1,500.00 / year

Know More
IBS Intelligence - Treasury & Capital Markets Systems Report Q2 2022
Treasury and Capital Markets Systems Report 2022

£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