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A recent assessment done by a banking regulator has observed that automation of Compliance Monitoring function is still a work in progress. Thus, the regulator has directed all the financial institutions to assess the Internal Compliance Monitoring function and institute necessary changes or implement a new tech system before 30th June 2024. The Compliance function of any financial institution needs to fulfill certain parameters such as ➡ Collaboration of all the stakeholders on one platform ➡ To identify, assess and monitor the Compliance function ➡ Escalate the issues of Non-Compliance ➡ Recording of approvals to all the deviations / delays in Compliance submissions ➡ Unified Dashboard view to Senior management We at Greysoft can help you in fulfilling the necessary requirements as stated by the regulator with our solution. Our solution helps in automating end – to – end process for Internal Audits, Compliance Monitoring and Compliance Reporting. To know more, kindly contact Rakesh Koparde (9890354630) (rakesh.koparde@greysoft.in) Vishal Sharma Mohit Negi ANANT NAIK Jatin Vipani Atul Chawathe #rbi #rbipolicy #banking #bankingtechnology #bankingtech #bankingsolutions #bankingsolutions #compliance #audit #complianceregulations #compliancemanagement #digitalbusinesstransformation