Up to 60 per cent of bank development budgets are spent on regulatory compliance. Continued regulatory pressure means financial institutions must look for standardised and optimised solutions. With exactly that in mind, Avaloq has implemented a unique programme – the Bank Environment Change Monitoring (BECM) – to reduce the impact and costs associated with adapting to new regulations for the Avaloq Community.

Avaloq’s BECM specialists proactively monitor, analyse, develop and implement timely solutions to meet new or changed regulatory requirements and industry standards across all supported markets.

Proactive monitoring
Avaloq proactively monitors and communicates, via its BECM Newsletter, about new regulations in order to gain the early and active involvement of the Avaloq Community.

Community work group
Avaloq leads a range of work groups (including Regulations Knowledge Groups on specific regulatory topics) where Avaloq, customers and a group of major global professional services firms collaborate to analyse regulatory changes.

Industrialised solution development
Avaloq seeks the commitment of the Avaloq Community to develop end-to-end, highly industrialised solutions for regulations that affect large numbers of customers.

Solution standardisation
Wherever possible, Avaloq offers standardised solutions to minimise the cost impact to each customer.

The latest edition of the BECM Newsletter and more information on regulatory solutions are available in the Regulatory and Environmental Topics section of our Community Management website.