Transcendent Group launches a new service within RegTech
Transcendent Group launches the first version of an add-on module for its digital service Regulatory Framework Application (RFA) – RFA Monitor, a tool that facilitates for the user to stay up-to-date on new and updated regulations.
RFA is a digital service where the internal regulatory framework can be developed, decided on, administrated and updated.
”In practice, RFA means that our customers can focus on application and implementation, instead of spending time on administration and updates. Our new add-on module RFA is an easy tool for keeping up with all regulatory changes coming from several different authorities. The service will release even more time for our customers, as they can work more efficiently with the regulatory framework”, says Magnus Karlsson, interim CEO for the business area RegTech and Transcendent Group Regulatory Technology.
RFA Monitor collects information from a large number of sources and compiles it in a searchable database. The user can also save its favourite searches. The service is a subscription which can be bought either as a complement to RFA, or separately.
”This is another example of areas where we together with modern technology can support our customers through releasing time and receiving relevant, up-to-date information for their businesses. To be able to launch another service already during 2019 feels extra exciting and I believe that there are more areas within Governance, Risk and Compliance where we can continue to support our customers with new services and innovations”, Magnus Karlsson, interim CEO for the business area RegTech and Transcendent Group Regulatory Technology, continues.
RFA, which was launched in spring 2019, is used to support development and maintenance of the internal regulatory framework for financial companies. RFA can be used for both support for suitable content in the steering documents, while at the same time for other organisations it is primarily about how they can work efficiently with the framework and ensure a source for the information.
For more information, contact:
Magnus Karlsson, interim CEO Transcendent Group Regulatory Technology AB
magnus.karlsson@transcendentgroup.com
+46 73 09 86 042
About Transcendent Group
At Transcendent Group you will meet experienced consultants in Governance, Risk and Compliance. Transcendent Group’s services provide security and opportunities for government agencies, businesses and other organizations in a variety of industries. The company was established in Stockholm in 2001, and has since grown to become a group of companies with offices in Sweden, Norway, Denmark, Finland, Netherlands, Belgium, Lithuania and Germany. Transcendent Group has been ranked as one of Europe’s best workplaces in 2019 in Great Place to Work’s annual top list. Transcendent Group is listed on Nasdaq First North Premier Growth Market. The company’s Certified Adviser is Avanza Bank, +46(0)8-409 421 20, corp@avanza.se. For more information, visit www.transcendentgroup.com.