Oceanic Consulting Group (OCG) and DASH Know-how Group have teamed as much as launch ‘File Overview as a Service’, a brand new providing that strengthens recommendation oversight and compliance within the monetary companies sector.
The partnership between the 2 corporations – each concentrate on specialist companies to the monetary companies business – responds to a rising want for environment friendly, dependable oversight of recommendation high quality, providing licensees an unbiased, scalable strategy to managing threat and supporting regulatory obligations.
Tailor-made to enrich inside authorized and compliance groups, the File Overview as a Service (FRaaS) delivers focused opinions of agreed-upon recommendation recordsdata, making certain funding methods, documentation, and consumer outcomes meet each regulatory necessities and inside requirements.
Constructed with flexibility in thoughts, the FRaaS mannequin helps a variety of assessment wants, from one-off engagements to ongoing sample-based assessments comparable to adviser onboarding packages.
“Along with DASH Know-how Group, we’re excited to be delivering an answer which can assist licensees and company authorised representatives to strengthen their retail recommendation oversight by augmenting their current practices in a focused, versatile and scalable means,” mentioned Jay Stuart, Principal at OCG, an award-winning administration consultancy agency.
Drawing on Oceanic Consulting Group’s expertise in main remediation packages, Stuart mentioned that FRaaS applies confirmed assessment methodologies to ship high-impact outcomes. These embody unbiased assessments of recommendation high quality and completeness, detailed studies with findings and suggestions, escalation pathways for severe compliance considerations, and alignment with ASIC’s expectations for recommendation frameworks.
The service is obtainable from DASH’s Recommendation Market inside its recommendation software program resolution.
“It’s incredible to have the ability to fill a spot in our App Retailer with this RegTech resolution,” mentioned Terri Ho, Head of Adviser Options at DASH Know-how Group. “It will change into much more necessary because the business undergoes regulatory modifications within the close to future.”
Final week, Oceanic Consulting Group additionally signed a partnership with RecordPoint, a deal that enhances its knowledge governance line of choices.
