Its activities are organized into three businesses: UK retail banking, insurance and investments, and wholesale and international banking. The group is quoted on the London Stock Exchange and is one of the largest companies on the FTSE 100.
The client needed to upgrade its risk and regulatory compliance capabilities to meet changing requirements. Using our deep industry experience and regulatory expertise, Accenture implemented compliance and filtering solution software at eleven locations in five months. The client is filtering 125,000 cross-border payments daily and has the ability to meet its compliance policy.
A leading UK-based financial services group needed to upgrade certain aspects of its risk and regulatory compliance capabilities in order to meet changing and more challenging compliance requirements, remain market competitive and maintain overall high performance. To achieve its goals, the organization sought to:
Automate its processes for sanctions filtering, improving its ability to filter payment transactions for sanctions compliance and replacing manual processes.
Execute implementation and delivery of a new automated filtering system at speed to avoid any disruption to its businesses.