Overview
OpenPages Regulatory Compliance Management
Combines software, process automation, data feeds and expertise. It enables institutions to have a more complete, accurate and timely view of their regulatory compliance risks. Supported by a centralized data model, OpenPages Regulatory Compliance Management is designed to transform the compliance process and drive both confidence and efficiency.
What does the product module do?
Consolidates regulatory requirements
Single repository of obligation management, that can classify complex regulations and enable stakeholders across the enterprise to more efficiently process large volumes of regulatory data. This centralized view helps to automate identification of regulatory changes to applicable requirements and reduce unmanageable volumes of regulatory alerts.
Maps regulatory requirements to taxonomies
Provides the ability to map regulatory requirements to internal risk data — connecting regulatory data to key risks, controls and policies, and linking that data to an overall business strategy. Complex regulations are now organized, visible and measurable in firm-specific terminology and assigned to owners across the organization.
Reduces regulatory risks
Helps organizations understand regulatory requirements and reduce risks, such as sanctions and fines, and proactively respond to regulatory change events. Supports organizations in breaking down regulations into a catalog of requirements, while evaluating the impact to the business, and creating actionable tasks.
How it works
Ingest regulatory feeds
Ingest regulatory feeds
Load content feeds from Thomson Reuters Regulatory Intelligence, Wolters Kluwer, Ascent, and Reg-Track into OpenPages. Rules-based set up automatically processes incoming regulatory data.
Regulator interactions
Regulator interactions
Out-of-box workflows assist users with documenting and managing an organized response to regulator interactions, such as inquiries, meeting requests, and examinations.
Distribute data to owners
Distribute data to owners
Regulatory requirements can be organized into logical groupings and assigned to appropriate owners across the organization about regulatory change events, creating a transparent resolution process.
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