Model Office and the gamification of compliance
Compliance gamification? Sounds like an oxymoron, but we live in changing times and with RegTech beginning to make waves in retail financial services we see a need for diagnostic platforms that bridge the gap between the regulators rule book and it’s application in the marketplace. Gamification is essentially the use of digital gaming features (think...
Model Office and the case for Constructive Compliance
With the rise of financial digital services the challenge for financial institutions is to meet all regulatory directives around Treating Customer’s Fairly (TCF) Know Your Customer (KYC) and the ‘double lock’ advice suitability (RDR) with appropriate products (MiFID II). Model Office – MO provides a RegTech/FinTech diagnostic to showcase firm’s compliance, business development and client...
A Regulatory and business framework for sustainable integrity
When designing our FinTech digital business development platform Model Office – MO. We were invited to the FCA’s regulatory Sandbox workshops in December ’15 to contribute to how the Sandbox can best be applied to the on-going business development. Our observations led us to recommend the FCA design a diagnostic where firms could take an...
Meet Model Office – MO
We must be going up in the world: we were invited into the FCA ivory towers before Christmas ’15 to engage in a day’s workshop on their Regulatory Sandbox initiative. We found the day actually very interesting and, although not a new concept (the pharmaceutical industry have used them for years) the Sandbox was innovative...
Time for the industry to take some dancing lessons
Any behavioural scientist will tell you that if your body language mirrors a significant other for a period of time, then a subconscious bonding takes place that creates empathy and rapport. Our latest research paper which tests the findings of the Financial Advice Market Review (FAMR) against what clients want and need, shows that despite...