Staying up to date with the sheer volume of regulatory information published every day is a challenge for organizations that have teams of individuals who manually monitor hundreds of laws. Even when the regulation is identified, the time it takes to ensure it’s properly read, understood and actioned with colleagues can take days, sometimes weeks.
Unfortunately, the cost of obtaining regulatory intelligence is too high, especially when multiple jurisdictions are involved.
According to joint research published by IFAC-OECD, financial services firms spend 5-10% of turnover on monitoring and managing regulations. This isn't sustainable!
R1 Scanner significantly reduces the cost, complexity and time of keeping you and your colleagues proactively informed of global, national and local regulations around the world, as changes and updates take place, in real-time, without delay.
By leveraging the power of end-to-end automation, you’re now able to connect your data, your people and all lines of defense on a single collaborative platform that will modernize and future proof your information requirements. Simply log in, search and find all the information you’ll ever need on any regulation, speech or brief. It’s that simple.