Qomply’s Michelle Zak Featured in FOW to Discuss APAC Expansion and Rising Reporting Expectations
The intensifying regulatory environment across Australia, Singapore and Hong Kong is pushing financial institutions to drastically strengthen their transaction reporting controls and data governance.
Talking to FOW, Qomply’s Michelle Zak explores how such enforcement is reshaping expectations and why firms can no longer rely on “good enough” reporting.
She also shares why Qomply has expanded into Hong Kong to support clients navigating this shift. “We are seeing a massive push toward strict enforcement and data governance right across the board. Down in Australia, the Australian Securities & Investments Commission (ASIC) has set the region's enforcement standard with record-breaking penalties for reporting failures. Hong Kong was immediately identified as our top pick in ensuring we had access to the APAC market.” said Michelle.
Read the full article here.
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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