In our quest to offer Cloud Native micro-services to our clients we have developed ARC-M (Automated Regulatory Compliance-Management), a centralised automated distribution solution for effective regulatory compliance management for the financial services, gaming and betting industries.
According to a McKinsey analysis regulatory fines and settlements increased 45-fold over the last ten years, whilst operating income has decreased by 10% over the same period. Compliance activities tend to be isolated, lacking a clear link to the broader risk-management framework, governance and processes, such as compliance reporting and analytics.
Automation is one critical measure to curb a dramatic increase in compliance and control spend enabling a holistic approach to operational compliance management.