BUSINESS SYSTEMS & CONSULTING FOR FINANCIAL SERVICES
Welcome to our quarterly newsletter. This quarter coincided with the end of the Altus financial year and I am delighted to report that it has been our best ever. We beat all our targets, continued an unbroken 12-year run of profitability and added an amazing 26 new names to an already stellar client list.
Our consultants completed over 100 engagements for 40 different clients, our business systems team released a major new software product and they still found time to achieve ISO270001 certification.
Probably my proudest moment though was reading the glowing feedback from our first external survey of clients. “One of the best organisations I’ve ever worked with”, “Ten out of ten”, “A superb provider”, “Our go-to company” these were just a few of the quotes that made me realise just how far Altus has come.
My thanks to all our staff and the clients we work with for making it such a pleasure to run this company.
In this paper we take a look at how firms currently deal with the growing volume of regulation, some of the challenges involved and how new technology might help. Rather than focusing on blue-sky solutions, we will examine the real-world difficulties faced by big firms with complex landscapes.
Allowing Altus Transfer Gateway (ATG) to electronically transfer Cash ISAs from Banks and Building Societies
Following supportive conversations during our ATG User Group on Thursday 16th November, we are pressing ahead with the introduction of a capability to electronically transfer Cash Deposit ISAs from Banks and Building Societies into Stocks & Shares ISAs.
We are holding a webinar on Tuesday 5th December at 3 pm to cover the details of service eligibility, the various stages of the sign up and testing process. We are delighted that Darren Wright from BACS will be joining us to explain the finer details and to answer any questions you may have. Should you be interested in taking part, pleasecontact us.
The User Group also highlighted some interest in us facilitating JISA and SIPP transfers. We will shortly organise teleconference calls to start the dialogue between interested parties. Again, if these are of interest to you, please contact us.
PEAK, the comprehensive Altus tool for business modelling, now supports the structured capture, linking and navigation of all the main regulatory provisions which govern UK Financial Services firms. The system provides a single consistent interface to make sense of the enormous range of rules a firm must abide by
With PEAK your business could cut the cost of regulatory compliance by managing all your regulation and compliance rules in one place, automatically monitoring changes and seeing at a glance the impact across your entire business. To request a demo or to find out more email firstname.lastname@example.org
Altus Consultant, Sumit Sethi (middle) sat on a panel at the TIBCO breakfast seminar where there were discussions around the opportunities being created by Artificial Intelligence and Machine Learning and how insurers can become more agile in the face of new innovations and disruptive technologies.
Alongside the new version of our HMRC Reporting module released in October, we are working on the launch of a new module for APG early next year. Pension Freedom has introduced new ways for people to access their pensions, bringing very different challenges to employee payments, tax calculations and HMRC reporting. We have discussed these challenges with a number of you, as well as the lack of a payroll solution that suits your specific requirements.
We will be in touch in the New Year with details of our new pension payroll solution, but if you would like to start talking to us now, please contact Howard Finnegan.
Insurtech Rising 2017
General Insurance-Domain Director, Mark Andrews and his team exhibited at InsurTech Rising, one of Europe's largest InsurTech events. There were informative sessions and panels from established insurers interspersed with 5 minute pitches from 50 or so tech start-ups over the 3 days.
We are delighted to have achieved certification to the internationally recognised ISO 27001 standard. The scope of our certification covers the management, development and provision of software solutions to the Financial Services sector.
For more information, please click here or contact our Risk and Compliance Manager Ian Sparrowhawk.