Financial Sector
"Important knowledge about staff awareness and agreement was lacking, unchecked this could have posed a real threat to our compliance status"
Willa Mawhinney, Compliance Manager, Allianz
The financial services sector is totally dependent on retaining and accessing accurate information, quickly. The sector is also surrounded by regulation making compliance compulsory for doing business. Operational Risk requirements are high on the agenda for companies and regulators alike.
Hitec Solutions
Hitec provides enterprise content management, compliance and risk management solutions to the banking & financial services sector worldwide, including banks, registered investment advisor's, broker dealers, finance companies, asset management and insurance companies. It helps them manage documents, policies and risks using enterprise-class software, customized integration and implementation and excellent support from a team which truly understands the specific needs of the financial industry.
Enterprise Content Management
The content management challenge for the financial industry can be expensive and create regulatory compliance and retention hurdles.
Banking and insurance are renowned for generating, retaining and circulating enormous volumes of information, whether in the form of client files, emails, transactions, legacy data, EOD reports, statements, application forms or correspondence. They generate large numbers of internal reports and client-facing documents, which constantly adds to the content mountain. The ability to download, scan, index & store information more effectively, retrieve them easily, make them available for electronic presentment and handle complex security requirements is essential.
DataStoreDSX from Hitec provides a secure and robust electronic information repository which can not only address enterprise content management challenges, but also play a key role in Disaster Recovery planning. The automation of business processes by the creation of more effective workflows within DataStoreDSX reduces the errors associated with manual document processing.
Manage Policies & Procedures
Regulatory compliance is at the heart of all financial business, irrespective of the regulatory jurisdiction. Change is constant (Solvency II & Basel III for example) and firms must react promptly.
PolicyHub from Hitec is designed to allow them to communicate and manage policy directives to all stakeholders, ensuring the right staff receive the right information at the right time and fully understand the content. This demonstrates good governance, best practice and compliance to auditors or regulators alike.
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