Case Study: a mid-tiered UK retail and investment bank achieves 60% cost reduction with FinregE

FinregE delivers 60% reduction in costs and 100% reduction in risks at a UK Bank

A mid-tiered UK retail and investment bank faced a highly manual and expensive regulatory change management process. The Chief Compliance Officer sought proof that RegTech could reduce risks and lower operational costs, which were £64,000 monthly. The bank's challenge involved five FTEs manually capturing, organizing, and analyzing regulatory changes via spreadsheets and emails. The vendor, FinregE, was engaged to demonstrate the value of its AI automated compliance solutions.

FinregE implemented its intelligent regulatory monitoring and impact analysis solutions, including its Regulatory Change Viewer. This platform automated the entire process, from real-time scanning of regulatory updates to impact analysis and accountability assignment. The solution delivered a 60% reduction in monthly costs, saving £20,000, and achieved a 100% reduction in the risk of missing a relevant regulatory update, while also significantly increasing the speed and accuracy of the bank's compliance workflow.