Risks too are also emerging due to tough market conditions, rising fraud and pressures on firms to grow quickly.” Spagnuolo further stated “Regulators are responding in kind, and at pace, focussing on consumer protection and handing out enforcements to those who fail to comply. Roseanne Spagnuolo, VIXIO Chief Content Officer, said: “The payments industry continues to evolve and be disrupted by new technologies and business models, reducing friction and creating new customer experiences. Complementing this core requirement, the solution acts as a training tool to help teams approach different jurisdictions and regulations within their specific roles.
It also showed that only 200, or 0.32% required action.Īpart from the significant time-saving Horizon Scanning offers compliance teams, it also offers the benefit of being extremely customisable to ensure that it fits within a client’s requirements and how they view the landscape. Horizon Scanning showed that in the first half of 2022, of the 300,000 regulatory events tracked, only 978 were relevant to payments. The increasing volume of regulatory change is introducing noise into the system. VIXIO analysts assess, analyse and distil key regulatory events to provide actionable insights. Customers can create a report structure and refresh monthly to keep stakeholders informed. Any analysis built in the platform can be easily exported for ease of reporting. The ability to build custom watchlists enables compliance professionals to instantly see where markets may be opening up for new product types or where regulatory change is trending towards stricter obligations. The highly customisable and dynamic dashboards accessible in the platform allow customers to filter results, assess regulatory impact by type and volume. By offering intelligence across 130+ jurisdictions, from the US and Canada to Europe, LatAm and APAC, compliance professionals are able to monitor and prioritise regulatory changes based on whether it’s actionable, indicative or informative.Īnalysis of regulatory trends and policy movements to inform market strategies and manage risk. In depth global coverage of the regulatory payments landscape. Horizon Scanning offers three main use cases that fit within a payments compliance framework: VIXIO Regulatory Intelligence, the leading provider of regulatory and business intelligence to the global payments and gambling industries, announced today that it has launched Horizon Scanning, a SaaS solution that provides real-time intelligence to enable payments compliance professionals to stay on top of global regulatory changes.
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