In the wake of recent global accounting scandals, regulatory bodies the World over are clamping down on the financial services industry.  The SEC in the US and the FSA in the UK are tightening controls.  As well as  this, the Basel II regulations will require all financial companies in the major economic centres to apply stricter measures to achieve regulatory compliance. By 2006, financial companies need to prove they have correct internal controls, particularly around credit risk and operational risk.

The cost of regulatory compliance is spiralling with increased overheads and higher compensation payments.  Tight control of policy, procedures and forms is essential for compliance but virtually impossible if systems are not in place to reduce the administrative burden. 

 

Qualsys and the Financial Services Industry

The financial services industry employs Qualsys' EQMS solutions  to limit operational risk and reduce cycle time, enhance customer service, protect brand equity, and leverage knowledge assets to protect revenue streams.

EQMS provides a scalable, extensible, standards-based platform that turns traditional documents, web content, and rich media assets into accessible knowledge that can be leveraged to your competitive advantage.

EQMS delivers content management across a wide range of financial services applications and business processes:

• Intelligent forms management

• Workflow tools

• Change management controls

• Policy and procedure development

EQMS has helped global players such as AIG Global Investment to reduce this burden and medium-sized organisations such as Westfield Health Scheme to streamline information management.

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