How a RegTech Company
Cut Manual Due Diligence & Gained 24/7 Broker Oversight

An insurance comparison technology company replaced fragmented manual broker checks with a centralised database, automated monitoring and real-time alerts using REG.



Book A Solutions Call    Download PDF

At a glance:

  • Eliminated manual multi-source data gathering
  • Centralised regulatory, credit and legal data
  • Automated 24/7 broker monitoring
  • Real-time alerts with red-alert prioritisation
  • Audit-ready evidence profiles on demand

 

At a glance:
Home | Case Studies | RegTech Case Study

About The RegTech Company

This insurance comparison technology company provides whitelabel platform solutions, buying platform optimisation and sophisticated ad platforms that supplement core commercial businesses.

With a broker network to oversee and increasing calls for compliance and due diligence from regulatory bodies such as the FCA, the business needed scalable oversight and a single, current view of its counterparties.

The Challenge

The firm’s historical approach to onboarding brokers was predominantly manual, taking substantial time and effort to fulfil even basic regulatory requirements.

Data had to be pulled from separate sources including the FCA, Companies House and the ICO, alongside various online outlets and the brokers’ own websites, each with its own logins. The distributed, periodic nature of that work made it difficult to identify changes promptly.

Increasing Scrutiny

Increasing Scrutiny

Regulatory expectations around compliance and due diligence kept rising.

Numerous Data Silos

Numerous Data Silos

Broker data sat across multiple registers, each with its own site and login.

Manual Data Extraction

Manual Data Extraction

Onboarding and checks depended on gathering data by hand, source by source.

Resource Intensive

Resource Intensive

Periodic manual collection made 24/7 oversight of the network impossible.

"Before you would have had to trawl through news outlets or company profiles, and not being able to have 24/7 oversight made it a very manual job."

Compliance Manager, RegTech Company

See more case studies

How REG Helped

REG provides a single platform for managing counterparties, bringing verification, monitoring, alerts, and audit evidence together in one connected system.

 

Centralised Database Icon

Centralised Database

Find everything in one place, with detailed profiles of businesses and individuals.

Automated Monitoring Icon

Automated Monitoring

Ongoing 24/7 oversight continuously scrutinises counterparty data.

Instant Alerts Icon

Instant Alerts

Real-time alerts flag changes, with red-alert prioritisation for urgent matters.

Permanent Records Icon

Permanent Records

Build evidence profiles that stand up in internal and external audits.

"With both the REG dashboard and connection view, to me the beauty is that it's all there in front of you and you can go and dig to your heart's content."

Compliance Manager, RegTech Company

See more case studies

The Impact

By replacing fragmented manual checks with a single platform, the RegTech company built a more proactive and scalable approach to broker due diligence.
 

Reliable Data

A single accurate source gives teams confidence they are trading with the right businesses and the right people.

Increased Credibility

Current and comprehensive data maintains compliance with regulatory obligations and auditor requirements.

Improved Decision Making

Dashboard snapshots of brokers and business profiles inform critical decisions at a glance.

Stronger AML Processes

Filtered alerts and adverse publicity checks help identify affiliates involved in concerning activity.

RegTech Case Study

Ongoing value

REG continues to support the firm with automated broker monitoring and a single, current view of its counterparty network.

Weekly alert checks are reviewed across the whole team, and the platform’s depth of information allows comprehensive evidence profiles to be built for both individuals and companies, then held as permanent records for audit.

REG is used across compliance, commercial, finance and IT, streamlining processes and improving collaboration between teams that previously worked from separate sources.

 

Continued Value Delivered:

  • Reduced manual administration
    Remove repeated multi-source data gathering from routine due diligence
  • Continuous oversight
    Automated 24/7 monitoring in place of periodic manual checks
  • Faster risk escalation
    Filter and prioritise alerts, flagging red alerts for immediate investigation
  • Audit-ready evidence
    Turn profiles into permanent records for internal and external audits
  • Cross-team visibility
    One platform serving compliance, commercial, finance and IT
  • Stronger AML processes
    Adverse publicity and affiliate checks built into ongoing monitoring

"The biggest single thing is I would describe it as a one stop shop, it's all you want on one screen.

With both the REG dashboard and connection view, to me the beauty is that it's all there in front of you and you can go and dig to your heart's content.

We would point to REG as being our comfort blanket because it does give us that assurance, but also we can create evidence from it."

Compliance Manager

RegTech Company

Ready to Automate Your Broker Due Diligence?

See how REG helps insurance businesses centralise counterparty data, automate ongoing monitoring and build audit-ready evidence.

Book a solutions call