Brightgate Financial streamlines regulatory change
How Brightgate Financial worked with us on streamlines regulatory change.
We used to find out about relevant changes late and scramble. Now it's assigned work with an owner and a deadline.Priya Haas, Chief Compliance Officer, Brightgate Financial
The challenge
The compliance team tracked hundreds of regulatory updates a month across email alerts and spreadsheets, with no reliable way to show which obligations mapped to which controls when the regulator asked.
Our approach
Control tests and their evidence moved into a single workspace with provenance, so internal audit could pull an evidence pack on demand instead of chasing the business.
The result
Evidence-gathering time for the annual exam fell by 70%, and repeat requests to the business effectively stopped.
The compliance team tracked hundreds of regulatory updates a month across email alerts and spreadsheets, with no reliable way to show which obligations mapped to which controls when the regulator asked. Control tests and their evidence moved into a single workspace with provenance, so internal audit could pull an evidence pack on demand instead of chasing the business. Evidence-gathering time for the annual exam fell by 70%, and repeat requests to the business effectively stopped.
This case study is written by the vendor and describes their own work. Outcomes have not been independently verified by RegTech Radar.