RegEd Compliance Thought Leaders to Participate in 29th Annual SILA National Education Conference

RegEd Compliance Thought Leaders to Participate in 29th Annual SILA National Education Conference

RegEd subject matter experts will contribute to multiple conference sessions and will be considered for awards in recognition of leadership and service to the Industry

RegEd, the leading provider of compliance technology solutions to the financial services industry, including Xchange, the market-leading Enterprise Licensing and Registration solution, will participate in the 2018 SILA National Education Conference in Indianapolis, IN on Sept. 30-Oct. 3, 2018.

The conference will provide more than 40 substantive sessions and an educational forum for attendees to address current industry challenges, discuss licensing and registration best practices, and build their overall compliance knowledge. John M. Schobel, RegEd CEO & Founder, stated, "RegEd has supported the SILA mission for nearly two decades and had the honor of receiving the Organization of the Year Award at last year’s annual conference. We look forward to continuing our committed partnership and support of SILA’s commendable charitable initiatives.”

A number of RegEd compliance thought leaders and subject matter experts are nominated for SILA awards and will participate in sessions during the conference. Margie Webber, Governance Chair on the SILA Board of Directors and a Senior Member of RegEd's Regulatory Affairs Group, will facilitate the Securities Open Forum discussion and will moderate the Legislative Update Panel. Ann Robinson has been nominated for the Bruce Saenger Education Award, for which nominees demonstrate a passion for insurance and/or securities related education topics including pre-licensing/pre-registration, continuing education, and professional development. Susan Boles, RegEd Senior Regulatory Compliance Analyst, is a nominee for the President’s Award, which recognizes a highly involved and tireless member with line-specific concentrations. In addition, Boles will be facilitating the Adjuster Open Forum.

During the conference, RegEd will feature enterprise solutions for credentialing, contracting/onboarding and appointment processing:

Alerts 2.0: The industry’s only fully automated licensing data reconciliation and management solution.

Onboarding / Contracting Automation: Eliminates manual oversight of the onboarding / contracting process.

Credentialing Validation: Real-time validations with order entry / trading systems and regulatory and industry gateways.

Smart Appointments: Enables straight-through appointment processing based on the firm's unique business rules.

RegEd representatives will be onsite to meet with conference attendees to understand their compliance and licensing challenges, and discuss solutions that enable firms to meet compliance requirements and proactively manage their compliance program and licensing operations. RegEd booths 22 and 23 will be located in the White River Ballroom of the JW Marriott.

About RegEd

RegEd is the market-leading provider of RegTech enterprise solutions with relationships with hundreds of enterprise clients, including 80% of the top 25 financial services firms.

Established in 2000 by former regulators, the company is recognized for continuous regulatory technology innovation with solutions hallmarked by workflow-directed processes, data integration, regulatory intelligence, automated validations, business process automation and compliance dashboards. The aggregate drives the highest levels of operational efficiency and enables our clients to cost-effectively comply with regulations and continuously mitigate risk.

Trusted by the nation’s top financial services firms, RegEd’s proven, holistic approach to RegTech meets firms where they are on the compliance and risk management continuum, scaling as their needs evolve and amplifying the value proposition delivered to clients.

RegEd to Showcase Enterprise Compliance Management Solutions at AICP Annual Conference 2018

RegEd to Showcase Enterprise Compliance Management Solutions at AICP Annual Conference 2018

Annual conference is the premier event for insurance compliance professionals, attracting more than 700 attendees

RegEd, the leading provider of compliance technology solutions to insurance companies, broker-dealers and other financial services firms, is pleased to announce its participation in the Association of Insurance Compliance Professionals’ (AICP) Annual Conference 2018 in Nashville, TN, Sept. 23-26, 2018.

The 31st AICP Annual Conference will host over 700 insurance compliance professionals from Property and Casualty and Life and Health companies. The program will offer more than 60 educational sessions including the evolving regulatory environment, cybersecurity, and market conduct. Presenters and panelists include senior compliance executives from leading insurers, as well as subject matter experts and industry regulators.  Michael Pouliot, Senior Vice President, Sales, RegEd, will moderate a panel discussion on “The Compliance Department of the Future,” where panelists will discuss NAIC innovation and technology initiatives and working groups exploring the impact of innovation and advanced technologies on compliance programs. The discussion will also showcase some of the technology programs underway at the Virginia Bureau of Insurance.

During the conference RegEd will showcase its Enterprise Compliance Management Platform. The platform supports an integrated suite of compliance management solutions, including:

  • Regulatory Change Management. Facilitates a workflow-enabled, closed loop process that provides insurers with everything they need to be aware of, comply with, and demonstrate compliance with relevant regulatory changes. 
  • Policies and Procedures Management.  Fully manage the development, approval cycle and management of policies and procedures across their lifecycle.
  • Consumer Complaint Management. Systematically capture, track and manage the resolution of consumer complaints.
  • Market Conduct Exam Management. Enables firms to effectively prepare for and efficiently manage tasks related to market conduct exams, significantly reducing the time and resource commitment required during a market conduct exam.

“The effective management of Regulatory Change, Policies and Procedures and Consumer Complaints is the cornerstones of a strong compliance program,” commented Debra Freitag, Chief Strategy Officer at RegEd. “Technology-enabled processes ensure that the compliance loop is closed on requirements implementation and complaints resolution, while capturing audit trails that provide evidence of compliance to examiners.”

RegEd representatives will be on-site to meet with conference attendees to understand their compliance challenges and discuss solutions that enable insurers and other financial services firms to meet compliance requirements and proactively manage their compliance program.

The RegEd conference exhibit will be located at booth #112 in the conference’s main exhibitor hall at the Gaylord Opryland Resort & Convention Center. For more information on RegEd or its attendance at the AICP Annual Conference, please call 800-334-8322 or email sales@reged.com.

About RegEd

RegEd is the market-leading provider of RegTech enterprise solutions with relationships with hundreds of enterprise clients, including 80% of the top 25 financial services firms.

Established in 2000 by former regulators, the company is recognized for continuous regulatory technology innovation with solutions hallmarked by workflow-directed processes, data integration, regulatory intelligence, automated validations, business process automation and compliance dashboards. The aggregate drives the highest levels of operational efficiency and enables our clients to cost-effectively comply with regulations and continuously mitigate risk.

Trusted by the nation’s top financial services firms, RegEd’s proven, holistic approach to RegTech meets firms where they are on the compliance and risk management continuum, scaling as their needs evolve and amplifying the value proposition delivered to clients.

Advertising Review: 4 Ways to get the Most From Your-Reports

4 Ways to get the Most From Your Reports

Reports show trends on how well your firm did in the past, as well as what’s coming down the pike. These are key factors that drive success for the firm. Information provided by reports is especially important in today’s compliance environment, where it’s critical to be proactive instead of reactive.

To make the most of RegEd’s Advertising Review reporting capabilities, follow these proven steps to improve your process.

1. Determine what's important to your firm

Executives consider reporting vital to find answers to questions regarding their business.

Start by asking questions at the top. When prototyping your reports, it’s important to first define what executives (especially your CCO and CEO) want to see. Are they concerned about turnaround time or just general data regarding the advertising review compliance process? What are their key metrics? What behaviors do they want to encourage or discourage?

Align with your team’s vision. Take your business goals and map those metrics to the capabilities of Advertising Review reports. For example, if the firm wants to know how long a certain item takes to be reviewed, pull the turnaround time report. Or use the Search All Requests tool to create custom reports based on a variety of metrics – including timeframes, standard metadata fields, FINRA-specific fields, and custom metadata fields.

2. Capture the right data

Your reports are only as good as the data behind them. Planning and setup are the keys to capturing the right metrics. The RegEd implementation process takes data in to consideration during the workflow creation process, but sometimes years have passed since a firm has reviewed their setup. If you’re just about to start an implementation, be sure to look at your custom fields and configurations to see if it will provide the reports you want. If your workflow is well established, it may be a good time to audit your process to find ways to optimize. In either event, we suggest working backwards – plan your reports first and then configure the application accordingly.

Keep your scope focused and only measure what matters. Pick a limited number of key performance indicators and metrics. A third-party survey of the number of metrics used by CEO’s showed that over half use only 5–10 metrics to manage their entire firm. It is also a good idea to limit the number of reports. Focus on those tied to specific business objectives.

3. Create your reports

Most firms start with existing reports from previous applications or processes as a baseline. As you begin to build workflows, and subsequently your reports in Advertising Review, there are several resources to help you get started.

Begin with standard reports. Advertising Review offers standard reports across all versions. See the following standard the filtering options. Note that not all reports have the same filtering options.

  • Completion Date: Allows for filtering based on date values (YTD, Last 12 months, etc.). Use this to target important data.
  • Grouping Options: How should reports be grouped? This filter will be report-specific and could include status, originator, branch, and/or format.
  • Rep Attributes: Filter by up to four (4) different rep attributes such as title, position, or hire date (as well as many more).

Next take a look at the Search All Requests reports tool. This allows you to create ad hoc reports using over 25 standard metrics as well as any custom metadata fields in your workflows. Configure, save, export, and repeat as often as needed. Don't reinvent the wheel! Talk with your Relationship Manager to see what other firms have implemented and learn more about best practices so that you and your team are working with data that helps you make more informed decisions.

4. Use data to drive behavior and produce results

Reports are designed to be iterative, it’s important to keep them current and relevant. To successfully roll out business metrics, good communication is key. Use the My Reports feature to easily find your favorite reports.

Manage from the top down. Encourage managers to run meetings directly from their reports. Many customers also have the following mandate for compliance and marketing: “If it’s not in Ad Review, then it doesn’t exist.” This directive proves to be extremely motivating for teams.

Finally, engage your user community. Don’t make the mistake of tracking metrics only at the executive level, make sure your users can access the reports that are important to them. What do your users want to see? What will help them do their jobs faster and smarter? Those are the metrics that matter.

RegEd CEO & Founder to Speak at FSI Forum in Salt Lake City, Utah

RegEd CEO & Founder to Speak at FSI Forum in Salt Lake City, Utah

John M. Schobel will speak as part of the event’s Executive Track, on the topic of innovation and automation in the financial services industry

Financial services professionals will gather at the FSI Forum at the Grand America Hotel in Salt Lake City, Utah, on September 24-26 to discuss the foremost challenges facing advisors and executives in the industry. RegEd CEO & Founder John M. Schobel will speak at the event, on the topic of technology innovation and automation, and how technology will impact the industry in the future.

The FSI Forum is an in-depth, issues-focused educational conference that includes both advisor-focused and firm executive-focused sessions, built by and for their members. At FSI Forum 2018, attendees will be given the chance to network and engage with their peers from across the independent financial services industry, in educational sessions and discussions focused on the hottest issues facing advisors and executives.

Mr. Schobel will speak as part of the panel, Innovation & Automation to Increase Service Levels & Profit Margins, which is scheduled for Tuesday, September 25 from 9:30 to 10:30 a.m. “Leveraging new technology, the compliance and operations functions can evolve to deliver new levels of value creation and competitive advantage. Technologies such as Robotic Process Automation and AI automate repetitive, routine and manual tasks, enabling compliance resources to undertake higher value activities and increase the quality of their contribution to the business. I look forward to discussing this topic with my fellow panelists,” he stated.

The session will address ways that companies are using these new technologies to simplify business submissions, improve service levels, reduce NIGOs (not in good order) and increase profit margins. The session will also explore how companies can support the transition to new technologies and implement best practices for creating an optimized customer experience. In addition, the panelists will discuss how firms can combine technology with human interaction to preserve the value of advice, which is integral to continued industry growth.

To learn more about the FSI forum, please visit here. Registration is now open.

About RegEd

RegEd is the market-leading provider of RegTech enterprise solutions with relationships with hundreds of enterprise clients, including 80% of the top 25 financial services firms.

Established in 2000 by former regulators, the company is recognized for continuous regulatory technology innovation with solutions hallmarked by workflow-directed processes, data integration, regulatory intelligence, automated validations, business process automation and compliance dashboards. The aggregate drives the highest levels of operational efficiency and enables our clients to cost-effectively comply with regulations and continuously mitigate risk.

Trusted by the nation’s top financial services firms, RegEd’s proven, holistic approach to RegTech meets firms where they are on the compliance and risk management continuum, scaling as their needs evolve and amplifying the value proposition delivered to clients.

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