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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 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.
Regulatory expectations around compliance and due diligence kept rising.
Broker data sat across multiple registers, each with its own site and login.
Onboarding and checks depended on gathering data by hand, source by source.
Periodic manual collection made 24/7 oversight of the network impossible.
REG provides a single platform for managing counterparties, bringing verification, monitoring, alerts, and audit evidence together in one connected system.
Find everything in one place, with detailed profiles of businesses and individuals.
Ongoing 24/7 oversight continuously scrutinises counterparty data.
Real-time alerts flag changes, with red-alert prioritisation for urgent matters.
Build evidence profiles that stand up in internal and external audits.
By replacing fragmented manual checks with a single platform, the RegTech company built a more proactive and scalable approach to broker due diligence.
A single accurate source gives teams confidence they are trading with the right businesses and the right people.
Current and comprehensive data maintains compliance with regulatory obligations and auditor requirements.
Dashboard snapshots of brokers and business profiles inform critical decisions at a glance.
Filtered alerts and adverse publicity checks help identify affiliates involved in concerning activity.
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.
RegTech Company
“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.”
