Ensure Seamless Communication with Regulators and strict adherence to Compliance.
Regulatory Challenges
Do you think seamless communication with the Regulator is important and critical?
Do you have a mechanism to ensure seamless internal co-ordination to address requirements sent to you by the regulator?
Do you find it challenging to map and track regulator requests and responses?
Do you have a version control on such requests and responses?
Are you able to quickly access historic data on requests and responses?
Do you want a single portal for all your regulatory communications and engagement?
If yes, then Clover ARC is the answer!
Clover ARC
Clover ARC is a regulatory communication portal to enable seamless communication between the regulator and business compliance drivers to address regulatory queries faster.
Ensure loss-less communication
Features
Communication
Users from bank and Regulator can connect, resolve queries seamlessly
User & Role Management
Add, delete, and define users on both sides, and assign rights as required
Requests
Indent Requests can be raised and assigned to internal teams
Responses
Internal teams can share responses with a maker-checker approval
Notifications
Alerts and reminders based on user actions to respective users
Data Archive
Access to historic data on indents with custom search and filters
Enabling Effortless Compliance
Value
Address regulatory queries faster and save bandwidth
Increase workforce productivity by reducing communication gap, and redundant follow-ups
Map, track and close out regulatory requests and responses faster
Ensure compliance adherence with quick turn-around time
Easy access to data for quick insights for faster decision-making
Enable the physical interaction with regulators to be less strenuous as the communication is seamless and swift
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