News Archive - Page 2 of 9 - REG Technologies

Upholding Integrity: Mitigating Financial Risks Through Supply Chain Data Management

In the financial services sector, where trust and integrity are paramount, the acquisition and management of data within the supply chain play a pivotal role in upholding regulatory compliance and thwarting financial risks like money laundering, terrorist financing, and other forms of financial crime. The importance of meticulous data gathering and oversight from entities in these chains cannot be overstated. Let's delve deeper into the criticality of this data, the challenges it poses, and strategies to navigate this intricate landscape...

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REG Reviews – January 2024

Last month, the FCA unveiled an overseas funds regime and measures to improve accuracy of credit files, $420m was pledged to climate ‘loss and damage’ fund at COP28, the digital pound has been cautioned to pose risks to financial stability and the UK insurance sector advocated for relaxed regulations to better attract captive insurance companies.

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Beyond Paperless: Why Digitisation Alone Isn’t Enough for Business Transformation

For the last decade the push for paperless operations has been fervent. Countless businesses have embraced the digitisation of their once-manual, paper-based processes in a bid to modernise and streamline operations. The allure of going paperless is undeniable - reduced clutter, environmental benefits, and the promise of enhanced efficiency. However, the reality often falls short of these lofty expectations...

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Trading Insurance Internationally: Where Regulation Starts and Ends

The absence of standardised global regulations creates a challenge for international insurers that requires them to navigate diverse compliance standards across jurisdictions. This diversity directly impacts day-to-day operations, emphasising the need for meticulous understanding and effective risk mitigation strategies. Regulatory Technology (RegTech) emerges as a crucial ally, offering adaptable frameworks to seamlessly navigate and unify compliance measures, providing insurers with a robust solution for efficient and compliant international insurance trading.

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REG Reviews – December 2023

Last month, the FCA urged companies to ensure Consumer Duty reports are a priority, the UK made headway following the publication of the world's first global guidelines for the secure development of AI technology, the UK government pushed regulators to prioritise economic growth and REG hosted its much anticipated Mind Matters panel event, focused on how we can work together to ensure mens mental health at work is supported...

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Mind Matters: Panel Event

Panel discussion in support of Movember, addressing the challenges men face regarding mental health at work, how we can break down the barriers and how as employees and colleagues we can work together to foster supportive environments where everyone's mental wellbeing is valued.

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Death by Spreadsheet: Are Spreadsheets Killing Your Business?

For the last 40 years, spreadsheets have been an essential tool for managing and analysing critical information. However, their seemingly innocent simplicity can lead to a slew of problems that might be silently eroding your company's efficiency and competitiveness. In this blog post, we'll delve into the perils of over-reliance on spreadsheets and explore how RegTech can provide a lifeline for businesses drowning in data.

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Men’s Mental Health at Work: Breaking the Silence

In a world that often revolves around expectations of strength, resilience, and endurance, we often overlook the hidden crisis that is steadily engulfing the lives of men. Men's mental health issues are a growing epidemic, and it's crucial we shed light on this critical topic, raise awareness and acknowledge the importance of addressing the unique challenges men face regarding their mental wellbeing...

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REG Reviews – November 2023

Last month, BIBA introduced a fair value assessment framework, leaseholders have been prioritised under the FCA's buildings insurance reforms, Lloyd's of London warned on climate related losses and humanoid robots are driving workplace efficiency...

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Focus on ESG: What is Sustainability Reporting?

Sustainability has emerged as a paramount concern for insurance and financial services companies. Beyond mere corporate responsibility, sustainability now holds the key to mitigating risks and satisfying the ever-heightening expectations of stakeholders. At the heart of this commitment to Environmental, Social, and Governance (ESG) principles lies the practice of sustainability reporting—an essential tool for modern businesses seeking to make their mark in a responsible, ethical, and transparent manner...

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