Does SaaS Give Strategic Advantage Managing Regulatory Risk?

Regulatory change management continues to be a key challenge and risk, with financial firms having to update operating models and technology solutions to help with this issue and support their firm’s business strategy.

Managing Regulatory Risk

If companies want to manage regulatory risk well, their technology solution needs to have four functions:

  • up-to-date data auto-routed
  • automatic feature updates (‘push’ technology)
  • the fastest deployment time
  • visibility, allowing firms to support decision-making

Current Options Do Not Necessarily Have These Functions

However, the four current options available do not necessarily have these functions:

  • Spreadsheets, email, or other desktop applications
  • In-house build solution
  • Deployed on-site solution
  • SaaS solution

Please click here to read this article in full, including ‘the spreadsheet dilemma’ and a useful Checklist for regulatory change management.

Lavanya Rathnam

Lavanya Rathnam is an experienced technology, finance, and compliance writer. She combines her keen understanding of regulatory frameworks and industry best practices with exemplary writing skills to communicate complex concepts of Governance, Risk, and Compliance (GRC) in clear and accessible language. Lavanya specializes in creating informative and engaging content that educates and empowers readers to make informed decisions. She also works with different companies in the Web 3.0, blockchain, fintech, and EV industries to assess their products’ compliance with evolving regulations and standards.

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