In the Best Interest of Clients
Financial Markets today operate in a highly interconnected mobile world of shifting customer expectations, disruptive technologies, competitive pressures and changing business models. Managing clients and offering them products that are in their best interests(Reg BI), managing regulations and regulatory compliance, regulatory reporting and keeping the organization risks under control through policy management, attestation and training are the biggest challenges they face. A single risk event of violation can create reputation and legal risk and take organizations to their demise. Cyber security compromise can result in widespread disruption. Stringent Data Privacy laws across the world including GDPR, California Consumer Privacy Act, PIPEDA want to protect consumer data
“Digitize, Integrate, Manage Risks and Be Transparent. Ensure your organizational processes reflect you are working in “The Best Interest of Clients”
Consumer Protection - Top of Worldwide Regulatory Agenda
Regulators are intense in examining consumer protection and compliance practices and fines for violations have exploded.
Large volumes of data have to be managed by risk and compliance staff for monitoring and managing clients as well as regulatory reporting and examination. The cost of managing information, working with myriad disconnected systems, the manual labor involved in managing them thru excel files or through complex data integrations is reaching mammoth heights. The goal of achieving a single source of truth for information is still not reached.
The volume and complexity of work needed in regulatory reporting, disclosures to clients and internal risk management can only be achieved with a well thought out strategy.
Integrate across Regulations, Compliance, Risk Management, Governance and Client Management to have a Single Source of Truth
Digitize, Integrate, Manage Risk and Be Transparent
An integrated, streamlined approach to client management, risk and compliance data across the board in a visible, centralized model has become critical to anticipate, understand, and manage clients and risks in a holistic manner. To keep your clients, they need to feel confident that they are working with an ethical and transparent organization that has sound processes to protect their interest.
La Meer Inc. a Silicon Valley California based Risk Management Solutions company for Financial Institutions understands your challenges and offers you the GRACE (Governance Risk and Compliance Management for the Enterprise) suite of web based / tablet enabled mobile systems that incorporate our deep understanding of financial markets.
GRACE is a scalable, secure, cloud solution that is “Integrated By Design but Modular in its approach” to allow you to buy the modules you want and grow at the pace your organization wants and manage your implementations well. Easy to use and easy to integrate GRACE can get you started on day one at low costs and help you manage your enteprise well to create assurance and confidence in your clients and regulators as a well run organization.
GRACE Enterprise GRC
GRACE Enterprise GRC offers the organization an integrated approach to manage risk, as a business as usual process across Departments, Locations, Business Lines, IT, Vendors and Compliance. Integrate Risk Assessments, Policies and Procedures, Audits, Internal controls monitoring, Loss event management, KRI Management, Incident Management all rolling up to the single source of truth for operational,compliance, legal, reputation and other risks. A standardized approach to classification helps understand the highest risks to the organization
GRACE for Reg BI,Mifid II Integrated Client Management
Enable your Client Management staff, Compliance team and Clients through one integrated end-to-end powerful platform that comprehensively addresses Reg BI, MifiD II and Suitability Rule. Provide tablet enabled mobile functions to your client management team for Prospecting, CRM, Portfolio creation, Client Risk Profile and Managing the portfolio, Compliance can conduct Suitability Review, Client Due Diligence- KYC, AML, Portfolio review, Fees and Billing review, Product Setup do best execution , fees and billing reviews and much more. Clients can use their portal to access their portfolio, connect with the organization,receive disclosures and manage secure document sharing anytime and from where ever they are.
GRACE for Compliance Monitoring
Manage compliance within the organization to address SEC, FINRA, FCA regulatory expectations in a simple but effective way. Policies,Procedures,online attestations can set the tone at the top. Online Calendars and assignments keep track of all compliance obligations, Reminders ensure everyone stays on top. Documents, supporting data, Notes, Issues loaded against compliance items, Review and Escalation of violations can ensure all items are tracked as soon as they occur. The integrated compliance dashboard tracks and monitors violations.
GRACE for Anti-Money Laundering Monitoring
Monitoring financial crime monitoring is fundamental for prevention of money laundering and international terrorism. GRACE AML automates client monitoring against worldwide sanctions to generate risk profiles. It meets Customer Due Diligence Rule expectation of monitoring beneficial ownership in sanctioned entities, adverse media and identify and report suspicious transaction patterns.
GRACE for Trade Monitoring
GRACE Trade monitoring automates the process of trade aggregation from various data sources. It allows red-flagging and identifying violating trades based on business rules, and can mark up the issues in them. The aggregated trade data can show pattern of insider trading monitoring and client best execution discrepancies. It helps identifying conflicts in personal trades, bad allocation for clients etc.
GRACE for Data Privacy/IT Risk Management
GDPR, California Consumer Privacy Act (CCPA), Cayman Data Privacy Act, and other worldwide Privacy Laws that are being released, mandate organizations have stringent security over client information whether being managed internally or by vendors, Client consent to the use of their data and proper processes are in place for breach management GRACE systems help manage the process as expected by the regulations
GRACE for Vendor / Third Party Risk Management
GRACE Vendor risk helps manage information on all third party / vendors, their locations, SLAs and conduct due diligence on their processes. Periodic / continuous monitoring of vendor’s data management processes, business continuity, security management and compliance to regulatory expectations are necessary to identify risk trends and take corrective action
GRACE for Broker-dealer's Branch / Registered Representative Monitoring
GRACE Broker-dealer helps examine and audit multiple branches and registered representatives to their adherence to regulations, identify conflicts of interest, and any risks to their clients. It helps monitor Outside Activities of Representatives from Public information sources. Findings from examinations can identify risks across these and manage mitigation.
GRACE for Operational Due Diligence
Institutional investors like Pensions, Endowments, Fund of Hedge Funds and Private Wealth Management organizations can use GRACE to conduct Operational due diligence on Alternate Investment firms to identify operational issues before they invest,and monitor them post investment in an organized way. Early identification allows protection of their investments before their portfolio is impacted badly .
GRACE Online Training Management
GRACE Online Training Management system helps the organization set up customized and standard training on the web and helps manage the training programs to ensure that all the staff are fully aware of the latest procedures, regulatory expectation, marketing aspects etc, to prevent compliance violations.
GRACE for Senior Management & Certification Regime
GRACE for SM&CR (Senior Management & Certification Regime) helps manage the process for Senior Management Certification Management in Asset Management and financial organizations as expected by Financial Conduct Authority, as well as other those of other European regulatory organizations. GRACE SM&CR helps with make process well defined and manageable.
Built to Meet Regulatory Expectations
Comprehensive functionality for all specific requirements as defined by regulators SEC, FINRA,OCC, OCIE, CFPB, Fiduciary Rule,MiFID II, GDPR from their yearly examination priorities and ongoing data monitoring expectations
Modular But Integrated By Design
Pick and choose the modules you want to implement and only pay for it. Add other modules and implement when you are ready to grow to an Enterprise wide system with comprehensive ready to go functionality at low costs.
Collaborate with the Eco-system and Grow at Your Pace
Deploy the modules you want, add users,departments,business lines, locations, vendors, clients and outsourced providers at your pace
Pre-built with Industry Data connectors
Connectors already built with Industry sources for AML, personal trades and outside business activity information from public sources
Specialized dashboards with Charts,Analytics and drill downs for each user group for their day to day functions, C-level dashboards for integrated view of risk, compliance, issues, mitigation, client, advisor etc.
Pre-built Forms and Workflows
Provides you with the pre-built forms and templates for reporting, attestation, and other functions. Automated workflows, alerts, audit trails help monitor and manage with ease.
Easy to customize and add functionality, integrate, add charting, reports, queries and help end users meet their data monitoring and reporting needs from in-house data with lot less cost and make implementations much more effective and meaningful
Deploy right away on Cloud or In-house
Implement modules within few hours on GDPR compliant cloud or your in-house infrastructure. To add modules it is just a switch turned on. Allows your users have additional modules in matter of minutes to expand functional offering
Automated Data Loads and Red-flagging
Automated data load and red-flagging based on business rules reducing hours of manual work to identify issues allowing the compliance team to zero in quickly on risks
Easily Integrate with your in-house data sources
Data from source systems can be integrated with ease using API where available, batch data load and other operations to seamlessly integrate into the system.
Easy to Use - Low training needs
Web based / tablet, mobile enabled, Anytime, Anywhere, GRACE systems are easy to use for end-users, works similarly with new modules with least amount of training requirements and deployment challenges
Affordable and Flexible Payment Options
Pay for only the modules you use. Add users and modules as you go to enhance the user base within the organization and with clients into a unified system seamlessly
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We welcome any and all suggestions, so leave us a comment and we will consider it for a future product update.