Why we believe in technology
“Taking on regulations such as Basel III at a global scale has become virtually impossible for people alone. We need to find ways for people to spend their time better.”
- Dirard Mikdad, Director Financial Risk at Deloitte
Risk & compliance is our expertise, as it has been for over 175 years. Precisely for that reason, we've been deeply involved with technology. For years, we worked steadily and thoroughly to develop the best solutions that take risk and compliance to the next level.
Take on regulatory changes
Worldwide, there are about 220 amendments of regulations each day. And new legislation is continuously being added, making it difficult for organisations to simply keep track. As a result, many organisations are faced with the question of which regulations they actually have to comply with. And in the years to come, it will become even more complex to know whether or not you are compliant.
The core of RegMiner in a nutshell, including the proven benefits
1. Rising supervisory expectations
Financial companies are faced with rising supervisory expectations, reflecting the growth of principles-based supervisory approaches.
2. Growing cost of compliance
The cost of compliance for financial companies is expected to rise to 10% of total revenue by 2022.
3. Growing regulatory divergence
We are moving away from global policymaking and towards regulatory divergence, including geographical and activity-based ring-fencing.
4. Increased regulatory fines
Since 2008 regulatory fines increased by 45 times and total around 300 billion USD, only within the European Union
Our belief in technology
A good regulation tool helps us to create order in the ever-growing tangle of laws and regulations. Moreover, machine learning can detect the most improbable links and alert us to the tiniest anomalies. With the right technology, you can control large amounts of data, not overlooking anything, and provide your organisation with valuable insights.
"With RegMiner I am confident that I will not miss crucial information in the ever-expanding universe of regulations"
The strength of Deloitte
Deloitte has over 175 years of experience in risk and compliance. Just like you, our risk and compliance experts are experiencing the complexity at first hand. We know that data packages relating to Basel or CRD often do not cover your entire playing field, only a tailor-made package does. We know that you don't just want to see regulation, but would like to comment directly on it, for example, what the company policy is. Precisely thanks to those kinds of practice-oriented insights, Deloitte develops powerful Governance, Risk, Compliance (GRC) tools, which we use for ourselves, and which we make available to our clients.
Streamline your daily compliance process
RegMiner will change your day-to-day risk and compliance practice for the better:
- Put an end to rising cost
- Decrease time spent on keeping track of new legislation and all amendments
- Better leverage the expertise of your people
- Become demonstrably cost effective and take control as never before.
Get in touch
We are happy to start the conversation on your legal and regulatory challenges and guide you becoming a leading financial institution
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