Automate product distribution testing

The increasing density of regulation in the financial industry is presenting banks and financial intermediaries with ever new and more complex challenges in product sales and thus their employees with ever more demanding and time-consuming tasks. At the same time, customers are increasingly demanding a broad range of products and individualized solutions. Taking both developments into account is only possible with automated checks (including suitability checks) at the instrument level.

How do you ensure that product distribution complies with regulatory and internal requirements at all times and in all places? And this for thousands of financial instruments simultaneously within seconds?

Under today's general conditions (increasingly stronger regulation), ensuring compliant product distribution can economically only be automated. For this purpose, Investment Navigator has developed a rule engine which can be accessed via API and which can check thousands of financial instruments simultaneously against any number of rules. The solution has been successfully on the market since 2014 and is used by global financial institutions as well as regional banks.

The legal department defines all the checks and specifications required for product sales and Investment Navigator digitizes these into checking rules. Via API, the checking rules for the specific customer are called up for each sale, for each investment proposal, and the suitability of each financial instrument is analyzed on the basis of its characteristics and a clear classification is returned together with the reasons - if desired, also with a suitable alternative product.

This gives customer advisors greater security in product sales and more time to provide better advice to customers.