Technology Advisory Services

Leveraging technology and keeping up with innovation comes with its own set of challenges.

Poor implementation of vendor solutions, heavy customisation and legacy systems create performance, stability and effectiveness issues alongside increased IT and operational costs.

Regulated firms are under greater regulatory scrutiny to evidence that their FCC technology solutions are effective, resilient and regulatory compliant, and that they have a full understanding of the models and system configuration in order to avoid bias or poor risk management.

The vendor landscape has also become increasingly complex with a proliferation of RegTech software providers making vendor selection a potential minefield for firms.

Plenitude’s Tech advisory services can help you successfully navigate these challenges. We provide specialist tech advisory services and are a proven implementation partner for innovative and AI-enabled FCC technology solutions, deploying machine learning alongside cutting-edge data analytics.

Tech Advisory Services

Our tech-enabled delivery and tools have been developed and tested over multiple engagements, and fully incorporate industry regulations, guidance and best practice, enabling our clients to meet their FCC obligations effectively and efficiently. Our tech advisory services cover the following:

Health Check / Effectiveness Testing

End to end validation of screening and monitoring platforms to identifying gaps in risk coverage and options for improving efficiency and effectiveness
Customer and Transaction Screening optimisation

Review screening settings and validate if they are aligned with the firms risk appetite. Fine tune advanced screening settings to obtain the optimal balance between effectiveness and efficiency.
Watchlist optimisation

End-to-end review and optimisation of processes related to watchlist flows across the FCC landscape to ensure more effective and efficient detection rates for screening and monitoring
Transaction Monitoring optimisation

Scenario assessments (condition and threshold), scenario testing, threshold tuning, scenario generation and effectiveness testing
Regulatory Support

Provide support to address feedback from the regulator as part of a remediation plan or transformation plan. We also are able to provide support preparing for audits or regulatory reviews
Technology selection, implementation and upgrades:

We guide clients in selecting the most effective FCC technologies and solutions, including Transaction Monitoring systems, Customer and Transaction Screening tools. We ensure seamless implementation and integration with existing systems. We also provide testing and tuning services as part of the implementation and support for upgrades to new software versions.

Benefits and Outcomes Delivered

We empower regulated firms like yours to:

Access leading AI-enabled technology and tech advisory services

We combine specialist tech advisors with cutting-edge technology, AI-enabled solutions (through our partnership model) and data analytics
Demonstrate regulatory compliance

Fully understand your systems and models and be able to present robust documentation to demonstrate system and model design, accuracy, and conformance with regulatory requirements
Unlock efficiency gains and improve system effectiveness

Optimise detection accuracy, streamline workflows, and reduce false positives, leading to improved effectiveness and significant cost savings
Future-proof your compliance

Stay ahead of evolving regulations and criminal tactics with our expert guidance. We deploy the latest AI-powered technology and data analytics services ensuring ongoing compliance.
Gain a Competitive Edge

Demonstrate a proactive approach to Financial Crime Compliance. Build trust with regulators and customers, enhancing your reputation in the marketplace.