DLT Apps

Catch the comments of our Product Manager Anna on "How is AI transforming risk management?" in the August's article of FinTech Global Watch this space for more insights and share your thoughts in comments under this post. #Featured #FinTech #WealthTech #FinTechTrends #DLTApps #RiskManagement #Qkvin #AI #FinTech #Innovation #ModernSolutions

📢 Exciting News! 📢   We are thrilled to announce that DLT Apps has officially achieved ISO 27001:2022 certification! 🎉🎉   At DLT Apps we have incubated and run multiple products successfully; quality, information security & resilience have been key pillars in our design and implementation.   This ISO Certification milestone is a testament to our commitment to excellence in the design, development, technical support, maintenance, and operations of software products.   A huge thank you to our incredible team for their hard work and dedication and to our partners and clients for their continued trust and support. This achievement reflects our core values and the high standards we set for ourselves every day.   This is only the beginning of an exciting journey to continue delivering high-quality products (Qkvin, TerraAi, Zeta) and services with the added confidence that comes from being ISO certified.   Here's to continued success together! 🚀     #ISOCertification #ISO #InfoSec #Security #FinTech #ISO27001 #TerraAi #FinancialTechnology #InnovationBanking #Qkvin #Zeta #Quality #Excellence #Teamwork #ContinuousImprovement #Cybersecurity

Read the new post about characteristics and benefits of #MigratIO by #TerraAI - a service that makes the migration process easier and faster.

📢 Navigating PEP Compliance: FCA’s Proposed Amendments and Their Impact on Financial Institutions The #FCA recently reviewed their guidance on the treatment of Politically Exposed persons (PEPs). Firms can use this guidance as an approach to meeting their legislative requirements that are set out in the regulations. As a result, proposed amendments to this guidance have been shared for consultation to help facilitate effective compliance.   ✍ Proposed amendments ✍ 👉 Non-Executive Board Members (NEBMs) of civil service departments As part of the review, it was noted that some firms were treating NEBMs as PEPs. The proposed amendment clarifies that NEBMs roles, in the UK context, shouldn’t be treated as PEPs.   👉 PEP relationship signoffs It is a regulatory requirement that all PEP relationships are signed off by senior management. Currently, this is at minimum the Money Laundering Reporting Officer (MLRO) with higher level signoff potentially occurring for higher-risk relationships.   👉 Reflect updates to Regulations Early in 2024, the UK government updated regulations to require domestic PEPs risk assessment stat at a lower risk point than foreign PEPs. Guidance will be updated to reflect this legislative change.   👉 Minor changes Further non-substantive changes have been made to update the guidance.   Clarifying who is considered a PEP and allowing for greater independence of the MLRO through expanding the scope of signoffs will help ensure seamless compliance experiences for both customers and firms. We feel the amendments are a step in the right direction, whilst further clarity could be provided in ensuring firms appropriately manage the EDD requirements for domestic and foreign PEPs.   At Qkvin, we are excited to see substantive changes proposed based on reviews that seek to clarify this guidance to assist firms in their compliance journeys.   Configurable policies and workflows, such as Qkvin, ensure immediate integration of such changes to guidance, providing confidence in your #FinCrime compliance journeys. We look forward to the outcome and what the industry has to say. What are your thoughts? #PEP #Compliance #KYC #AML #FinancialCrime #Regulation #FCA #Fintech #FinancialServices #FinancialInstitutions #RegTech #Automation #Qkvin #Innovation DLT Apps Laura Hadfield Mahesh Patil Santosh Reyes (Mahagaonkar) Venkatesh Pulla

In our second episode of the Qkvin-tessential video series featuring Laura and Anna, we discuss some of the common frustrations that prevail with existing #CLM solutions. In this video, they highlight how the use of multiple separate systems fragments information, leading to inefficiencies and a lack of comprehensive customer insights. This fragmentation not only hampers informed decision-making but also makes cross-training across different teams challenging. Furthermore, the transition to new solutions is often difficult for compliance teams, especially when they need to learn and integrate multiple systems. Complex new solutions can increase customer drop-off rates, disrupting the seamless customer experience financial institutions strive for. Anna also points out that many institutions are already leveraging automation and machine learning, which need to integrate smoothly with existing legacy systems—a task that's often not straightforward. Finally, Laura emphasises the rapidly evolving regulatory landscape and the necessity for RegTech to keep pace, despite the challenges posed by legacy infrastructures and manual workflows. 🌟 #Qkvin addresses these challenges head-on, providing a seamless, integrated solution that unifies fragmented systems, enhances compliance capabilities, and ensures a consistent customer experience. 🎥 Watch the full discussion to learn more about how Qkvin is revolutionising Client Lifecycle Management. #FinancialInstitutions #ClientLifecycleManagement #DigitalIdentity #RegTech #Automation #MachineLearning #Qkvin #Innovation #Compliance #CustomerExperience   

#Banking #migrations are challenging due to technical, regulatory, operational, and security factors: ⚙ Legacy Systems: Aged infrastructure not built for modern interoperability, making extensive customisation necessary for complicated integrations and data migration.  📈 Data Volume and Quality: Banks handle vast data sets requiring meticulous migration planning to avoid data loss and maintain integrity in the target system.  📑 Regulatory Compliance: Strict and complex regulations (e.g., GDPR, PCI DSS) that necessitate sophisticated data handling and migration.   🛡 Security: Ensuring the security and privacy of sensitive data with robust security protocols during migration is paramount.  ⛓ Operational Continuity: Minimising downtime and maintaining uninterrupted services of critical banking functions are crucial.  🖇 System Interdependencies: Multiple systems and interfaces (e.g., payment gateways, third-party services) require extensive testing and validation.  🔃 Stakeholder Management: It is essential to ensure effective coordination among various stakeholders and manage change seamlessly.  🛠 Project Management: Detailed planning, risk management, and post-migration support are vital for smooth migrations.     How #MigratIO Helps:  #MigratIO simplifies data migration with a no-code user interface, intelligent data mapping, and predictive data transformation. Our solution ensures data integrity, security, and compliance throughout the migration process, minimising operational downtime and enhancing data quality. Designed for business analysts, MigratIO requires no coding, leveraging AI and ML for faster, more accurate migrations. Our features include early data profiling and reusable data transformation, ensuring seamless, reliable, and cost-effective transitions to modern systems. MigratIO helps banks navigate migration complexities, enabling a secure and efficient transition to contemporary digital infrastructures.  #Banking #DataMigration #MigratIO #FinTech #DataManagement #DigitalTransformation 

Catch Alan's views on 'What regions are the most exciting for WealthTech in 2024?' in this article from FinTech Global. Watch this space for more insights. #Featured #FinTech #WealthTech #FinTechTrends https://lnkd.in/gzzHSR3t

Here's the first post in our #Qkvin-tessential video series featuring Laura and Anna, diving deep into the challenges within #ClientLifeCycleManagement, and how to effectively address these challenges to deliver great #ClientExperience and #Compliance. In this episode, Laura and Anna discuss financial institutions' major hurdles in achieving regulatory compliance. Financial institutions often struggle with fragmented solutions that lack flexibility, making it difficult to keep up with rapidly evolving regulations. Legacy systems add another layer of complexity, as they are challenging to modernise and migrate, often requiring constant retraining of compliance professionals due to a shrinking talent pool and high job turnover. 🌟 Watch the full series in the upcoming to understand how Qkvin tackles these challenges head-on, providing a comprehensive and modern solution for seamless regulatory compliance. 🌟 #Qkvin #RegulatoryCompliance #FinancialInstitutions #ClientLifecycleManagement #DigitalIdentity #FinTech #Innovation #ComplianceChallenges #LegacySystems #ModernSolutions #PEPs #VideoSeries Stay tuned for more insights and updates! 🔍👥

We're thrilled to announce the launch of Zeta - our comprehensive financial advisory platform!   #Zeta is designed to transform the financial advisory landscape by integrating AI-driven tools that streamline client management, automate data collection, and significantly enhance efficiency for financial advisers. Our vision is to revolutionise the way financial advisers operate. Reach out to us at www.zetawealth.co.uk to learn more about how #Zeta can elevate your financial advisory services. #FinancialAdvisory #AI #FinTech #Innovation #ClientManagement #Efficiency #Automation #Zeta #WealthManagement #InvestmentAdvice

From fraud prevention to increased productivity to summarising reports, #GenAI has been the buzzword that has held the financial world's attention for some time now. But how close are we to realising the potential that it offers and witnessing its impact? Let us know your take on it.