Case Study: a leading global bank keeps 11 countries up to date with Libryo

Global bank adopts Libryo to keep its 11 countries in the know about their legal updates

a leading global bank was exposed to significant financial and reputational risk because its sales teams were operating without a financial services license in 11 countries and lacked awareness of local legal constraints. To mitigate this, they initially used their law firm to conduct a one-time analysis, but it was not cost-effective to have lawyers track ongoing changes. The bank needed a reliable and affordable online solution, leading them to partner with Libryo.

Libryo implemented its regulatory tracking technology, configuring 11 tailored Libryo Streams to provide up-to-date legal answers for each jurisdiction. The solution was integrated into a platform accessible to the bank's teams in four languages. This provided a much cheaper alternative to lawyers' billable hours. After a successful six-month test phase, the project continued as an annual contract, giving the bank and its law firm automated updates, peace of mind regarding legal risk, and more time to focus on other business tasks.