Software can make compliance simpler and easier for as long as the pandemic lasts (and beyond), from doing the heavy lifting when it comes to pre-clearing trades to being able to delegate review authority with the click of a mouse. StarCompliance’s John Grgurich writes.
The world is facing more questions than ever surrounding the coronavirus pandemic. For financial firms and their attendant compliance departments, one of those questions is, how much longer will their employees be working remotely? It’s a question that needs answering, as more and more firms come to the realization they may need to reassess their compliance processes and procedures going even beyond 2021.
Because of the pandemic and the resulting work-from-home scenario, common tasks — like keeping up with personal trade requests or making sure employees don’t fall behind on certifications — that were once easily executed when employees were on-site are no longer so easily executed, and firms need to solve for that. And as companies become more and more used to operating in this fashion, it’s also not a stretch to say that remote work will become more the norm after the pandemic is brought under control.
The following are five ways software solutions and the automation they offer can help compliance…
