Solutions

SmartComply

Our regulatory compliance solution

Our vision

The compliance function needs to effectively manage its compliance risk exposures in a continuously evolving regulatory landscape by setting up an adequate assessment framework and monitoring program through an organized channel.

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Compliance modernization

The business environment is continuously exposed to new compliance risks challenging the capacity of compliance functions to effectively identify, assess and mitigate the full spectrum of risks related to new regulations or procedures. In this context, certain compliance milestones are expected to be strengthened and enhanced, including:

training quality

COMPLIANCE FRAMEWORK

Build up an extensive compliance risk catalog
Structure the compliance framework to align regulatory, with compliance risk and internal controls.

Evaluate compliance risk exposures and prioritize
Set up a methodology to assess inherent risk exposure.

Align risks, controls, and efforts
Design a compliance risk assessment and monitoring program and prioritize control execution in light of compliance risk assessment results.

sharing knowledge

SCOPE AND REPORTING

Ensure complete documentation of the compliance function’s monitoring scope
Build a compliance risk catalog addressing the bank’s entire range of activities.

Report on compliance risk exposure and monitoring program to top management
Report on key results and findings.

Manage several group entities
Build up aggregation functionalities to maintain a consolidated view for group oversight and follow-up.

create unique connection

EFFECTIVENESS AND DEFICIENCIES

Capture and embed operational events in a timely manner and impact compliance risk assessment accordingly
Capture operational events and assess their impacts on compliance risk profile.

Collect, monitor, and follow-up internal control deficiencies
Build up a framework to help compliance officers to score the result of their work.

Assess ‘how good’ the internal control framework is at mitigating compliance risks

SmartComply

Our digital compliance solution

Web-based engine, hosted in a secured environment and remotely accessible. It helps our client (namely compliance and/ or risk control function) to better follow-up on its risk profile (primarily compliance and regulatory risks) and monitoring program as well as internal control deficiencies while offering reporting and aggregation capacities to support the function in its communication.

 

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Our proposed solution: Compliance risk assessment and monitoring program

Advantages of utilizing SmartComply

Robotic Process Automation

Structured repository and group management

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Artificial intelligence (AI)

Access management and consistency

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Tools to design and prototype POC and MVP applications
API/web services

Recommendation follow-ups

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Connectors

Compliance log

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Data normalization, centralization, enrichment and use for reporting and analytics

Visualization and reporting capacities

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Technical and security environment

SmartComply is hosted by DBoard infrastructure

The SmartComply app is embedded in DBoard which is a securitized environment using specific security features and authentication mechanisms. Users can connect to the application using a browser via multiple devices (including computers, tablets, smartphones etc.). The user must log on to DBoard to access the app, ensuring a stringent security layer.

Contacts

Laurent Berliner

Laurent Berliner

Partner | EMEA FSI Risk Advisory Leader

Beside his service responsibilities for many of our clients, Laurent leads the international relations of our Luxembourg firm to sustain our international development from a client, service, talent an... More

Bertrand Parfait

Bertrand Parfait

Partner | Risk Advisory

Bertrand is a Partner from the Risk Advisory practice of Deloitte with 12 years of experience, where he is managing, risk consulting, regulatory compliance and internal audit assignments for the banki... More

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