Qomply Explains Why System Testing Is an Industry Must in June's Edition of Asset Servicing Times
Qomply's Stuart Hartley features in the June issue of Asset Servicing Times discussing why system testing is an industry must, and how automatic regression testing can clear the pathway toward customer satisfaction and regulatory compliance.
“The financial services industry has strict regulatory requirements,” says Hartley. “Qomply provides an up-to-date diagnostic solution that can confirm the changes made against the regulations.”
“By thoroughly testing different functionalities and scenarios, system testing helps identify defects, bugs or inconsistencies that can impact the quality of the system. Detecting and addressing issues early in the development lifecycle can save significant costs and time. In addition, companies can avoid paying for expensive fixes later in the reporting process.”
Hartley concludes: “Qomply is committed to helping firms navigate industry changes and providing the compliance solutions needed to succeed.
Read more here: Asset Servicing Times, June 2023 Edition
How Qomply can help
Qomply helps financial firms achieve accurate, compliant transaction reporting across global regulatory regimes, while streamlining the operational and audit demands of regulatory reporting.
Our proprietary technology combines AI, automation and advanced data analytics to deliver scalable, audit-ready reporting intelligence. Through forensic-level quality assurance and streamlined reconciliation, Qomply helps firms strengthen data quality and reporting accuracy, automate controls, simplify audit processes and lower overall reporting costs.
Our technology provides greater oversight and operational efficiency while reducing the demands on internal teams.
For firms seeking to outsource their regulatory reporting operations, Qomply also offers a fully managed service. Combining our technology with deep regulatory expertise, Qomply Managed Services operates as an extension of, or alternative to, an in-house reporting function. This flexible model enables firms to outsource reporting operations while retaining the option to bring activities in-house as their own capabilities and resources evolve.
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