Targeted Compliance for Financial Institutions
Axiol is designed to streamline processes, centralise data and free-up resources
FOR THE C-SUITE & BOARD MEMBERS
Targeted compliance is at the heart of the Axiol platform; with streamlined processes and workflows, automated decision making, and a flexible system that grows with the firm. Axiol will provide assurance to senior managers that their regulatory needs are being met.
Axiol is designed to streamline processes, centralise data and free-up resources
Compliance processes can impede your business’ core activity. You can’t grow at the rate you want to because compliance issues are too onerous, demanding more people and increasing costs. Axiol is designed to streamline processes, centralise data and free-up resources, Axiol enables you to do more without increasing your staff overhead.
The high-level information presented to the CEO / CFO differs from the granular task–orientated data of the Compliance Officer / MLRO. This streamlined ‘role-based’ view of activity within Axiol helps focus the user on their requirements.
The system automatically captures information across all parts of the business into a single centralised platform; providing a single source of truth for management reporting. This quality data control eradicates the need to reconcile data from various systems and conflicting reports will no longer will be an issue.
High-level statistics can be displayed on a dashboard to provide an overview but the powerful drill down technology within Axiol allows users to easily and quickly obtain information that may require further investigation.
AXIOL CASE STUDIES
FOR COMPLIANCE OFFICERs AND MLROs
Axiol provides the compliance team with a centralised hub in which they can perform day-to-day activities from managing employee requests such as Gifts & Hospitality and PA Dealing to investigating Conflicts of Interest concerns or Incident and Breach events within a single platform.
The Axiol Compliance Module saves time and resource by automating decision making
Compliance Officers need to target their risks. Policies that are difficult to understand, users who require training, and overzealous staff who push the boundaries need managing. Data about the accuracy, frequency and persistent rejections is available through a dashboard that highlights individuals, policies or risk-takers.
The Axiol Compliance Module saves time and resources by automating decision making; tolerances can be set by the business to auto reject or auto approve requests in accordance with the firm’s policy, which means compliance need only focus on exceptional cases.
The Axiol Notifications functionality notifies compliance via an alert when a new request has been submitted and the Axiol App will display a count on the user’s desktop. This frees up the compliance team to focus on the strategic needs of the business rather than monitor multiple inboxes.
Using the Axiol Chat; Compliance can quickly clarify information with the requestor and the chat is automatically linked to the form; removing the need to upload long email chains.
We know that the regulatory framework is constantly changing. We need to adapt quickly to new rules and requirements. Axiol can quickly amend workflows, capture data requirements and automate communications without going back to the supplier for extensive software changes.
AXIOL CASE STUDIES
The Axiol Compliance Module saves time and resource by automating decision making