CHALLENGE
- Existing PDF abased forms were difficult to maintain and creating new applications was time consuming
- Compliance Processes lacked transparency, consistency and accountability to appropriately support A-IRB and OFSI requirements
- Compliance reporting capabilities did not include the breadth of reporting that is required by OSFI and reporting was open to interpretation and requierd significant manual data manipulation
SOLUTION
- An architecture based on AEM Adaptive Forms and back-end data integration for reglatory compliance processes
- Common workflow elements to allow for simplified processes automation
- Ongoing support and services to assist with forms maintenance and implementation of best practices
RESULT
- A framework that allows for the implementation of required regulatory processes with reduced effort
- Initial processes include Foreign Account Tax Compliance Act (FATCA) and Internal Reporting on Out of Order (non-compliant) transactions to comply with A-IRB and OSFI requirements
- These implementations will ensure that the bank is compliant while reducing the effort required to maintain compliance
4Point, more than just a service provider; we're your strategic solutions partner helping you navigate your digital journey. From consultation through implementation to ongoing care, our comprehensive approach ensures that your experience with digital document processes is not just efficient, but truly transformative.