National Regulatory Services Releases Rep Insight to Address Compliance Processes

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New integrated solution delivers efficiency and risk reduction.

Rep Insight, as part of the ComplianceMAX platform, streamlines registration and related compliance data management, allowing the firm to do more with less and decrease risk at the same time.

National Regulatory Services (NRS), part of BankersAccuity, announced the addition of the Rep Insight Module to its ComplianceMAX™ compliance software platform. Rep Insight allows compliance managers to significantly improve the efficiency of operations and reduce data management errors specific to the supervision of registered representatives and operations professionals.

Compliance administrators, supervisors and representatives can now track, manage and report data specific to FINRA Form U4 and U5 information, including SRO and jurisdiction registrations, outside activities, disclosures, exams and CE windows and results. In addition, Rep Insight is also integrated with FINRA’s WebEFT allowing both electronic and automatic submission of U4 and U5 information and nightly updates from the CRD.

“In the face of increased regulatory volume and complexity, our customers can no longer rely on existing legacy processes. Rep Insight, as part of the ComplianceMAX platform, streamlines registration and related compliance data management, allowing the firm to do more with less and decrease risk at the same time,” said Mark F. Catone, Senior Director of Compliance Technology.

Rep Insight can be configured for a firm’s specific supervisory process and can synchronize this information with FINRA CRD data. As a result, compliance administrators can now track, supervise and submit to the regulator a representative’s complete regulatory history, disclosures, outside activities and other aspects of a firm’s compliance program all on one platform.

Rep Insight is a module of ComplianceMAX, an integrated compliance platform that significantly improves efficiency and risk management capabilities. The platform implements a workflow-driven process that allows a firm to tailor supervision of annual compliance programs, representative data collection and management, advertising review, branch audits and related outsourced services, affirmations and questionnaires, gifts and entertainment, political contributions, complaints and training.

For more information, please visit http://www.nrs-inc.com/RepInsight.

ABOUT NRS
National Regulatory Services (NRS) is the nation’s leader in compliance and registration products and services for investment advisers, broker-dealers, hedge funds, investment companies and insurance institutions. NRS has the practical expertise, proven capability and unparalleled reach to deliver integrated and effective compliance solutions to a wide range of users within the financial services industry. NRS delivers these solutions through three interrelated offerings – comprehensive education, best-in-class technology and expert consulting services – enabling our clients to meet their regulatory requirements and minimize risk. NRS is part of BankersAccuity, the global standard for payment efficiency and compliance solutions.

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