Cloud-hosted Financial Regulation
Change is constant, global standards and regulatory best practices are constantly evolving and the rate of change is getting faster. New regulations, new standards, and new reporting requirements put into question what we’ve built to date and we wonder when will it ever stop?
COVID-19 has provided the needed justification for a circuit breaker, a great reset, and the full Digital Transformation of Financial Regulation. If there was no pandemic, then it would’ve been Global Warming (with fires and hurricanes causing office closures) that would’ve forced financial regulators to digitally transform to continue operations safely and remotely, during the worst of times.
Supporting SupTech adoption during these unprecedented times, SQL Power is empowering jurisdictions with the ultimate platform coupled with flexibility, self-sufficiency, efficiency, and transparency. Our compelling solution not only allows regulators the capability to support their initiatives on-premise but also from the cloud with SaaS+.
Progressive supervisory organizations recognize that complete Digital Transformation is needed NOW, and are accelerating the adoption of dynamic regulatory digital platforms that:
- Automate every aspect of their Financial Data Collection - ensuring quality data intake
- Automate every aspect of the License Registration and Renewal processes
- Automate all their Risk Management & Risk Assessment needs
- Automate every aspect of Onsite Inspections and Offsite Monitoring
- Automate every public-facing Business Process
- Cloud hosting and Managed Services for a complete turnkey solution
- Achieve complete peace of mind with unlimited post-production changes to all in-scope deliverables
Progressive regulatory organizations can move quickly with SQL Power’s SaaS+ solutions, to be up and running in under 90 days.
Watch an overview of submitting a financial filing with the SQL Power Suite
Financial Data Collection
The SQL Power Suite is the most comprehensive and dynamic business-rule driven Data Collection solution on the market. The solution can be configured to automate any required data capture, any workflow (process), and any reporting function. It is perfectly suited to automate any manual or inefficient business process, building bridges and highways between disparate divisions, agencies, and systems.
Registration & Licensing
Expertly designed for financial regulatory bodies across a variety of jurisdictions, SQL Power offers a powerful and complete, robust data collection and analytics platform to automate the core processes for your business registrations and licensing functions. Our Registration & Licensing Platform automates the core processes for business registrations and licensing activities across a full spectrum of financial sectors, paving the way for more efficient use of operational budgets and personnel resources.
Watch an overview of SQL Power's Registration & Licensing Platform
A simplified Onsite Inspection business process workflow
With increasing standards in compliance and risk-based supervision, comes significant pressure for financial authorities to plan and execute various regulatory and supervisory processes required for ongoing supervision. Inspection teams are expected to maximize their efficiency and effectiveness by conducting each inspection with varied amounts of frequency and intensity that is proportionate to each regulated entity’s risk level.
SQL Power’s Onsite Inspection offers supervisory teams a web-based solution to automate and manage every aspect of their regulatory onsite inspection processes and functions: from scheduling or performing ad hoc inspections, to applying proportionate inspection activities relative to the associated risk profile of the inspected entity, to developing a more in-depth understanding of the supervised financial institutions, to anticipating future impacts from past and present figures to leading action-oriented, remedial activities when corrective measures need to take place.
Identify, Monitor, Address, and Manage Risk
Financial regulators need a structured way to manage risk to maintain confidence, legitimacy, and credibility with stakeholders in the institutional structure of financial regulation and supervision. SQL Power offers a pre-built Risk Management Solution that equips supervisors with critical risk assessment tools to empower them with better decision-making and to address risk in a systematic manner.
In order to satisfy the need of providing effective risk-based supervision, regulators need risk to be identified and monitored, addressed, then measured, allowing them to plan and adjust onsite inspections proportionate to the level of risk associated with the inspected entity. SQL Power supports continuous monitoring and management of an entity’s risk levels, our risk management framework provides financial regulators with fully integrated risk assessment tools like dashboards (CARAMEL), an onsite inspection platform, a 360-degree organizational view, and predictive modeling to derive a comprehensive risk-rating for each organization.
Click to watch a demonstration of our Risk Management solution
Visualize All Risk Assessment Data at a Glance
A 360-Degree Organizational View
Visualize all risk assessment data at a glance from a consolidated reporting interface.
The platform comes with built-in risk categories and risk scores to provide a solid foundation in risk management and governance scores that result in a net risk score. The platform also allows other factors like external audits to also affect this rating.
In addition, recovery actions and resolution actions and the frequency of onsite inspections are also integrated within the risk guidance tab.
The Analytics Platform scorecard tab displays the overall market score and level of risk, as well as provide the breakdown of performance by asset class, peer group, or individual organization. Leverage our risk assessment dashboards to build a solid foundation for your team to focus on high-risk organizations for more timely decision making.
All of SQL Power’s registration and licensing solutions are created to easily integrate with existing core CRM and governance systems, leveraging existing data and technology for seamless integration. Our experienced team of engineers works within your business scale to ensure that our software implementation is smooth and functionally sound.
How it Works
Through SQL Power’s Designer facility, we are able to provide pre-built registration and licensing process templates, designed based on international guidelines and best practices. Alternatively, we also have the capability to simply and quickly define a business process workflow to mirror your current forms and processes including multiple review stages, the automatic creation of certificates, e-signatures, and online payments.
Power Forms provides an easy-to-use, web-based front end (Power EAS) for business users to input, upload, and submit any and all information required by the regulator; allowing users to verify the validity and completeness of their submission.
Adopt the most robust SaaS solution for Financial Regulators.
Experience end-to-end automation of all supervisory functions including registration & licensing, onsite inspections, and risk management.
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