Summary
What this article covers in 30 seconds
- Microsoft Azure supports AI-powered RegTech solutions for regulated firms.
- The move helps financial services firms approach compliance, risk and ongoing advice.
- TCC polling found varied evidence levels for ongoing advice reviews.
- Azure supports faster innovation, security, scalability, customisation and user experience benefits.
- Azure helps release product features and AI model enhancements more quickly.
Recordsure is proud to highlight the transformative impact of using Microsoft Azure
Recordsure, a provider of unique AI-powered RegTech solutions to help regulated firms drive compliance, is proud to highlight the transformative impact of using Microsoft Azure. This strategic move helps redefine how financial services firms approach compliance, risk, and ongoing advice.
By using Azure’s scalable and secure cloud platform, Recordsure delivers unparalleled agility and innovation, accelerating the development of intelligent tools that help clients meet rising regulatory expectations with confidence.
Microsoft helps us to understand what emerging best practice looks like – and puts the tools in our hands to innovate. Joe Norburn, CEO, Recordsure
Recordsure is proud to highlight the transformative impact of joining Microsoft Azure Marketplace
The regulator has made it clear that it will revisit this topic later in the year, with the expectation that firms have evidence on file to substantiate the thoroughness of their suitability reviews.
TCC polled wealth managers on this topic:
38% declared they have all the evidence to distinguish which clients received their review
58% attested to having just some of the evidence
4% reported having none at all
The all-important question is what firms should be doing now to ensure that they have the evidence in place that the FCA will now expect to see. TCC’s regulatory experts advise a twofold approach: a backwards-looking review exercise and a forward-looking plan.
Our client benefits
Faster innovation: New product features and AI model enhancements are released quicker than ever before, keeping clients ahead of compliance demands.
Enhanced security and scalability: Built on Azure, Recordsure ensures enterprise-grade security, compliance, and performance critical for handling sensitive data.
Greater customisation: Azure’s powerful infrastructure enables tailored deployments to meet individual client needs across advice, supervision, and quality assurance.
Improved user experience: Streamlined, intuitive tools help frontline teams and oversight functions work more efficiently and effectively.
Microsoft helps us to understand what emerging best practice looks like – and puts the tools in our hands to innovate. Joe Norburn, CEO, Recordsure
Frequently asked questions
Azure’s scalable and secure cloud platform supports agility, innovation and intelligent tools for regulatory expectations.
Client benefits include faster innovation, enhanced security and scalability, greater customisation and improved user experience.
TCC polling found that 38% had all the evidence, 58% had some evidence and 4% had none at all to distinguish which clients received their review.