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Technology Advisory Services

Regulated firms face a constant battle against financial crime, and technology plays a crucial role in this fight.
Leveraging technology and keeping up with innovation comes with its own set of challenges.

Poor implementation of vendor solutions, heavy customisation and legacy systems create performance, stability and effectiveness issues alongside increased IT and operational costs.

Regulated firms are under greater regulatory scrutiny to evidence that their FCC technology solutions are effective, resilient and regulatory compliant, and that they have a full understanding of the models and system configuration in order to avoid bias or poor risk management. 

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The vendor landscape has also become increasingly complex with a proliferation of RegTech software providers making vendor selection a potential minefield for firms.

Plenitude’s Tech advisory services can help you successfully navigate these challenges. We provide specialist tech advisory services and are a proven implementation partner for innovative and AI-enabled FCC technology solutions, deploying machine learning alongside cutting-edge data analytics.

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Tech Advisory Services

Our tech-enabled delivery and tools have been developed and tested over multiple engagements, and fully incorporate industry regulations, guidance and best practice, enabling our clients to meet their FCC obligations effectively and efficiently. Our tech advisory services cover the following:
  1. Health Check / Effectiveness Testing

    End to end validation of screening and monitoring platforms to identifying gaps in risk coverage and options for improving efficiency and effectiveness  

  2. Customer and Transaction Screening optimisation

    Review screening settings and validate if they are aligned with the firms risk appetite. Fine tune advanced screening settings to obtain the optimal balance between effectiveness and efficiency.

  3. Watchlist optimisation

    End-to-end review and optimisation of processes related to watchlist flows across the FCC landscape to ensure more effective and efficient detection rates for screening and monitoring  

  4. Transaction Monitoring optimisation

    Scenario assessments (condition and threshold), scenario testing, threshold tuning, scenario generation and effectiveness testing 

  5. Regulatory Support

    Provide support to address feedback from the regulator as part of a remediation plan or transformation plan. We also are able to provide support preparing for audits or regulatory reviews 

  6. Technology selection, implementation and upgrades:

    We guide clients in selecting the most effective FCC technologies and solutions, including Transaction Monitoring systems, Customer and Transaction Screening tools. We ensure seamless implementation and integration with existing systems.  We also provide testing and tuning services as part of the implementation and support for upgrades to new software versions. 

Find out more about our Technology Advisory Services, by reading our brochure.

Benefits and Outcomes Delivered

We empower regulated firms like yours to:

  1. Access leading AI-enabled technology and tech advisory services

    We combine specialist tech advisors with cutting-edge technology, AI-enabled solutions (through our partnership model) and data analytics

  2. Demonstrate regulatory compliance

    Fully understand your systems and models and be able to present robust documentation to demonstrate system and model design, accuracy, and conformance with regulatory requirements

  3. Unlock efficiency gains and improve system effectiveness

    Optimise detection accuracy, streamline workflows, and reduce false positives, leading to improved effectiveness and significant cost savings

  4. Future-proof your compliance

    Stay ahead of evolving regulations and criminal tactics with our expert guidance. We deploy the latest AI-powered technology and data analytics services ensuring ongoing compliance.

  5. Gain a Competitive Edge

    Demonstrate a proactive approach to Financial Crime Compliance. Build trust with regulators and customers, enhancing your reputation in the marketplace.

Our specialists

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Munir Merchant

Head of Tech Advisory

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Edward So

Head of Transaction Monitoring

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Alejandro Escolar

Head of Screening

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Andrew Mainstone

Director

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Christopher Duffy

Senior Manager

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Haseeb Ahmad

Manager

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Liam Hurrell

Manager

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Ollie Connor

Manager

Get in touch to speak to the team or to request a demo

Our best-in-class team are committed to building a secure financial system, safeguarding society, and empowering our clients to meet their regulatory obligations. 

Contact Us
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