Argentière, is a Swiss investment management company that deploys capital across a range of liquid strategies, seeking to identify and take advantage of the most attractive risk-adjusted opportunities across markets.
Argentière needed to be able to prove compliance with Swiss banking regulations.
Their compliance managers needed to be able to adapt to the changing rules and regulations, as well as being able to see in real-time the compliance status of the company. Busy employees also needed to be reminded when their regular assessments were due and re-reminded when they were late in completing these tasks.
Applicita worked with Argentière to understand their intricate business operations and their wider impacts in order to create a detailed specification of the application.
With the large amounts of data, and the evolving nature of the regulations and compliance metrics, Applicita developed and built a modern web application hosted in Microsoft Azure.
Key to the success of the solution was to increase the efficiency for employees to ensure their compliance and remove cumbersome processes. To satisfy customer requirements ease of use, a simple design language was employed. This minimised the training and support requirements creating both time and financial efficiencies.
Applicita built a self-service portal for employees and the compliance managers to complete and author the assessments as well as a background scheduling process to analyse and notify all staff when the assessments are due.
Argentière now has a real-time view of its own compliance which supports its corporate governance and can be verified by the financial regulators.
Employees are now able to ensure they manage and maintain their own compliance status faster than ever before, enabling internal compliance teams to provide greater support where required.
The application was shortlisted for Thomason Reuters Annual Compliance Awards and its success has led to similar engagements from other financial institutions.