Case Study: FCA improves risk management and decision making with Xactium

FCA implements Xactium in 9 months to unify risk management for 50,000 firms

The FCA faced challenges in monitoring risk across a large number of firms due to its reliance on disparate legacy systems, which made it difficult to gain a holistic view of risk and produce flexible reporting. To address this, they implemented the Xactium Risk Management suite to serve as a centralized risk management system.

Xactium provided a secure, cloud-based platform that consolidated risk registers, incident tracking, and Key Risk Indicator management. The solution improved the FCA's visibility into firm-level and sector-wide risks, driving better decision-making and resource allocation. The system, used by over 250 people, was praised for its flexibility and ease of use, which improved internal compliance and risk management processes.

FCA