Independent and Insightful Advice
An independent advisory/consultancy platform that will provide timely and insightful guidance and support to navigate increasingly complex regulatory requirements and expectations.
Team of Seasoned Professionals
At your disposal is an experienced team of professionals combining several decades of experience around financial service regulations and related adherence frameworks.
Increasingly looking to harness technology that drives efficiency, leverages data, creates functional sophistication in Compliance processes.
S E R V I C E S
Services We Provide
Insightful guidance and interpretation
We have created a platform to provide a one-stop, scalable, cost-efficient
Design and implementation of regulatory compliance...
Compliance Finishing School
The changing compliance landscape places an increasing and significant demands...
Compliance Technology & Tools
A holistic guidance cum workflow tool comprehensively covering the increasingly complex...
Compliance training support
We design, deliver and administer a structured, effective and ongoing...
Assistance in creating regulatory aligned structures and entities for launching new
Managing Compliance Through Technology
Compliance Matters, in association with KGISL (a global technology company offering information technology and business consulting services) is making life easier for banks and their compliance officers while navigating and complying with increasingly complex regulatory requirements and expectations. Our proven approach and the combined extensive industry experience bring to you, an innovative, sustainable, and cost-efficient approach to manage and mitigate compliance risks. Our cutting-edge, technology-driven solution helps in managing complex compliance processes end to end, it is also a value-added service providing insightful and detailed guidance on ongoing changes to regulatory requirements and expectations.
A Compliance Management System
A cloud based digital application designed to provide automated workflows and enriched information feeds that will help our clients to stay abreast of regulatory changes, understand and implement the new/changing requirements in a timely and efficient manner, create a comprehensive and user friendly repository of regulatory requirements and communications, conduct ongoing monitoring, testing and assurance over the compliance relevant controls, assess on an ongoing basis the compliance risk trends and keep management and regulators updated through management information dashboards and need based reporting utility. It is currently configured for the universe of regulations in India that impact banks and financial institutions.
What Banks/Financial Institutions get from the service
Improved effectiveness and reduced cost of compliance
Better managed regulatory interface, reviews and remediation
Staying ahead of emerging compliance related risks
Effective compliance controls implementation
Substantial reduction in the manual/administrative overload
Improved assurance over effectiveness of the control framework
A customizable Sanctions and AML software designed by Intellewings, in collaboration with Compliance Matters to simplify regulatory compliance in banks. It facilitates seamless onboarding and periodical due diligence of clients via compliant online processes and provides AI-powered, integrated solutions for Sanctions (including PEP) screening, Transaction monitoring, and Case Management. Serves as a holistic yet fully compliant AML operations support model that combines technology and process/operations by leveraging Artificial Intelligence and Machine Learning.
W E B I N A R
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B L O G S
Two recent regulatory initiatives have advocated/mandated an important and internationally established governance practice of subjecting the critical Compliance Function in banks to an external/ independent …
Re-emerging from the gloomy banking and financial crisis of 2008, a lot changed across the world (as it will again in the aftermath of the …
A B O U T
Looking at an industry need (and an existing gap) for a credible and independent external advisor on regulatory compliance matters, Compliance Matters was launched as an independent Consultancy/Advisory on regulatory compliance to banks and other regulated financial service firms. The objective behind Compliance Matters is simply to make life easier for banks and their compliance officers while navigating and complying with increasingly complex regulatory requirements and expectations. Hence we look to be able to provide a whole host of support services that could range from providing sound and insightful advice, cutting edge compliance tools and reg-tech solutions to support services that lend scale to in-house compliance in all areas of designing, assessing and reviewing governance and control frameworks. Currently we are collaborating with a technology partner to launch a holistic guidance cum workflow tool comprehensively covering the Compliance process/lifecycle. The idea is to develop a solutions platform that will work across different regulatory requirements that requires ensuring compliance framework, controls, risk management, assurance, reviews and reporting. We are trying to assist some banks facing ongoing regulatory criticism/scrutiny to reassess, review and overhaul their adherence processes in key regulatory areas. We are now open to supporting in house risk and compliance functions across banks.
A banking regulator for nearly 10 years with the Reserve Bank of India across various regulatory and supervisory roles, Arun has over two decades of experience with two International Banks across varied Country, Regional and Global Compliance roles. He was continually influential (including through formal participation in the regulatory working group) in shaping the regulatory approach towards compliance framework in banks. As a part of the Global Compliance Management of Deutsche Bank, led a Global Team, advising and helping manage compliance risks in transaction/commercial banking businesses…
An experienced compliance professional having worked over 25 years, Mangesh has worked with numerous banks including Citibank, Westpac, Deutsche Bank, Standard Chartered, ICICI and MUFG across various functions, majority of which have been in the Compliance function. His experience in the Compliance function is more than 15 years in which he has supported Corporate Banking, Retail Banking as well as AML functions. He was a part of the Executive Committee at Westpac India prior to which he served as VP at Deutsche Bank, where his role was instrumental in setting up the Compliance Operations team in Berlin.
Theresa Karunakaran has a rich experience of over 36 years with the Reserve Bank of India and has worked in key areas specialising in regulation and supervision of banks, foreign exchange, and non-banking finance companies. She was a key member of the First International Team constituted by the Financial Stability Board to assess Bank of Mauritius compliance with Basel Core Principles. She has collaborated extensively nationally and internationally as a member of policy Working Groups in the RBI and as an RBI Representative in interactions with the Ministry of Finance and World Bank. Upon retiring as General Manager of RBI…
Our Book of Work
- Ongoing advisory assignments with a cross section of bank, NBFC and fin-tech clients
- Designing and establishing a control framework including related policies and procedures for a SEBI regulated entity and an NBFC
- Creating a user friendly, repository of regulatory obligations for a foreign bank operating in India
- Facilitating regulatory applications and interface in relation to obtaining required regulatory licences and providing guidance around the process and due diligences.
- Facilitating the set up of foreign exchange operations in India for a global financial institution
- Independent External Review to assess adequacy and efficacy of the Compliance functions and processes in line with regulatory expectations and industry standards, for two banks with large network of branches across India.
Control Reviews and Assurance
- Reviewing controls and compliance relating to regulatory reporting processes for a leading foreign bank in India
- Reviewing FX transactional and booking processes and controls for effective compliance with regulatory requirements and rules, for leading foreign bank in India
- Reviewing regulatory alignment, data integrity and process governance in certain key regulatory computational areas (RWA, CRILC, LCR, NDTL, etc) for a leading Indian bank
- Reviewing customer grievance mechanisms for adherence with the regulatory requirements
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