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The FINACS Reporting & Compliance module enables regulatory authorities to view, review and supervise new programs and products so that they comply with the relevant regulations pertaining to a particular geography and industry. This module also enables the timely and efficient reporting of data on new programs and products on a periodic basis to ensure that members continue to comply with these regulations. Enterprises can get an integrated view of the processes involved in regulatory reporting and compliance across a variety of industries.
Main features:
- Approval of licensed activities
- Business Rules Governance
- Managing corporate profiles
- Regulatory Reporting on periodic basis
- Inspection of licensee’s onsite processes
- Alerts and Warnings on suspicious activity
- Profiling licensee risk and rating industry risk
- Industry Benchmarked Stats
- Address Consumer grievance
- Penalty Management
- License Revocation
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