Financial Services
Codel gives electronic records the same compliance status that has historically been afforded to paper. This allows Financial Services to benefit from advances in digital technology and at the same time comply with out-of-date regulations that were originally designed for analogue rather than digital processes. In particular, Codel can ensure compliance of data in a variety of applications such as Enterprise Software, E-mail, Electronic Records Management, Content Management, to name but a few.
Applications
- Secure exchange of information
- Reliability of data and sources
- Traceability of registered decisions
- Validation and traceability of operational and financial risk events
- Certification and authentication of transactions and exchanges
- Validation of published information, eg online, advertised rates
- Validation of Contact Centre communications
Benefits
- Reduced need for extensive paper archives
- Less bureaucracy
- Secure online business (eg online lending, online dealing, etc)
- Better compliance
- Better risk management
- Reduced risk of customer conflict (non-repudiation)
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