Tag Archives: Compliance

7 Ways Wealth Management Firms Can Innovate

Innovation never stops. To keep pace with structural market shifts in the wealth management industry, it is essential to continuously introduce new technologies that can radically augment client experiences and support new business models’ viability. However, to fully harness the potential of digital acceleration, new technologies must critically address consumer needs to make wealth management […]

How Financial Firms Can Maintain Regulatory Compliance in 2022

Technology and data compliance go beyond not storing data publicly. It’s about maintaining a balance between the accumulation of data along with its proper documentation. Financial and wealth management firms in 2022 need to maintain a virtualized environment, encrypted data, and updated software on an ongoing basis. Keeping regulatory compliance with these practices will be […]

What is SOC 1 & SOC 2 Compliance?

What are SOC 1 and SOC 2 Reports ? Service organizations, like financial and accounting firms, are required to meet compliance requirements. The two most common compliance frameworks are SOC 1 and SOC 2. But what exactly are they? More importantly, how does SOC I and SOC II work exactly? SOC 1 Service Organization Control […]

How Do You Make Regulatory Reporting Easier for Financial Institutions?

How Do You Make Regulatory Reporting Easier for Financial Institutions? Financial institutions around the world are subjected to strict scrutiny to combat money laundering, tax evasion, fraud, terrorist financing, and other illegal activities. Complying with the standards set by regulatory bodies comes with its own costs, a burden that financial firms have to shoulder. It’s […]

Compliance on the Cloud 101

What is Compliance? Compliance when dealing with cloud computing can be an issue for those using cloud storage or backup services. When you transfer data from your internal storage to a cloud provider’s you must examine how that data is stored so that you stay in compliance with laws and regulations. Financial cloud computing, for […]

Why SOC Compliance Matters When Choosing An MSP

If you’re in a service industry, chances are you’ve run into the term SOC compliance. Some of you may have undergone a SOC I or SOC II compliance audit. As remote work becomes increasingly more popular companies are choosing to adopt managed IT services and cloud based platforms. However, even companies that undergo SOC compliance […]

How Financial Firms Can Digitize & Stay Competitive

Financial organizations are using financial cloud computing technologies to remain competitive as new research reveals banking and finance are becoming more dependent on emerging technology.   In the old days, the cloud technology was adopted by small start-ups who didn’t have legacy architecture in place or the resources necessary to develop their own onsite IT. Now, […]

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