“Banks must comply with a myriad of regulations from OCC, CFPB and other regulators pertaining to sales practices, marketing and advertising and complaints handling. And, broker-dealers, investment advisors and other securities firms often find it challenging to comply with FINRA’s supervision rules. Using spreadsheets and generic tools makes it impossible to effectively manage the process,” says John M. Schobel, CEO, and founder of RegEd. Today firms look for technology that systematizes the compliance process and identifies deficiencies before they can create compliance consequences and harm the firm’s reputation. Helping clients deal with these issues, RegEd offers a complete suite of SaaS-based solutions via the company’s powerful compliance platform that addresses critical compliance functions such as Advertising Review, Branch and Field Audits, Conflicts of Interest Management, Compliance Questionnaires, Licensing and Registration, and Complaints Management, to name a few.
RegEd’s Compliance Questionnaires is one example of fully automating a compliance process. The enterprise solution offers integrated, workflow-driven tools that enable organizations to maintain a robust compliance program. The solution instigates and tracks compliance questionnaires, disclosures and attestations required by regulators and the institution’s policies, capturing a full audit trail and enabling them to identify and correct deficiencies before they surface in a regulatory examination.
Complaint management procedures are increasingly falling under the scrutiny of regulators of the financial services industry and poor complaint management hygiene is a catalyst for regulatory exams. As a result, banks and broker-dealers must demonstrate a systematic methodology for addressing customer complaints in a timely fashion.
By establishing a consistent and repeatable methodology for complaint management, RegEd’s Enterprise Complaint Management solution simplifies the end-to-end process to reduce non-compliance and reputational risk.
RegEd provides solutions that propel operational efficiency, enabling firms to cost-effectively comply across core compliance functions
With regulator focus on deceptive marketing practices, RegEd’s Enterprise Advertising Review solution delivers a fully configurable, integrated workflow solution that automates the end-to-end processes for marketing, advertising and customer communication review to accelerate review decisions and improve compliance efficiency. This ensures the timely launch of sales campaigns with the highest level of quality.
Additionally, RegEd offers an integrated Enterprise Conflicts of Interest (COI) solution suite that enables companies to monitor, identify, and address COI and code of conduct issues. The culmination of a full RegEd COI implementation is a clear and comprehensive view into the status of COI requests, approvals, disclosures, attestations and compliance requirements specific to the rep, advisor and employee, facilitating a full understanding of pending and upcoming obligations.
RegEd’s Enterprise Xchange Registration and Licensing solution, developed in collaboration with top industry firms, has been implemented 150 plus financial services firms across the nation and drives unparalleled operational efficiency and optimize all processes across on-boarding, registration and licensing activities.
RegEd’s comprehensive suite of compliance management and credentialing solutions and unified enterprise platform enable firms to implement multiple RegEd solutions with common user interface and a single view of compliance. In this manner, RegEd’s clients are able to reduce the total cost of ownership, streamline vendor relationship management and gain economy of scale.
Trusted by the nation’s top financial services firms, RegEd’s proven, holistic approach meets firms where they are on the compliance management continuum, scaling as their needs evolve.