In an uncertain macroeconomic and financial environment, applying RegTech could make an important contribution to increasing .. profitability and efficiency .. while improving … effective compliance with financial regulation
— Institute of International Finance, March 2016 “Regtech in Financial Services: Technology solutions for compliance and reporting”
 

our approach

openAFSL. Freeing Licensees from the burden of compliance.

We promise innovation, simplicity and certainty.

our platform proves we deliver on our promise.

Our platform, openAFSL eases the compliance burden.   

Our flexible and real-time solution offers:

  • Conduct-focussed monitoring and supervision framework for Advisers and Credit Representatives;

  • Structured pre-vetting and induction processes;

  • A "single source of truth" for adviser information;

  • A practical and effective risk management framework;  

  • Risk based adviser reviews tailored to activities and roles;

  • Automated and flexible workflows;

  • Integrated remediation and consequence management;

  • Granular reporting and benchmarking;

  • Embedded advice metrics and trend analysis;

  • Consistent and fully auditable management of complaints, incidents and breaches; and

  • Scheduling and reporting tools.

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Joy

 

By investing in compliance, you will ultimately save yourself time, money and stress.

Industry leading assurance processes, integrated certifications and embedded analytics provide transparency and comparability.

With a reputation for significantly improving internal efficiencies, OpenAFSL  will allow you to transform compliance into a strategic management function.  

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Complete

 

The relationship management system at the heart of OpenAFSL records every interaction, every incident and every review.

OpenAFSL provides a single platform for managing everything from conduct risks to complaints, conflicts to breaches and remediation to recurring issues.  

All this information is at your fingertips and every function is designed to provide you with meaningful and compelling insights into your advice business.

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Secure

Built on the best available properly cloud platform, openAFSL is a secure, scalable and high performing application.

The reliable base and flexible, open design provides a seamless integration experience for in-house and third party systems.

OpenAFSL is a robust and high performing application that easily adapts to your business and your needs. 

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Precise

Our dashboards, snapshots, metrics and multi-dimensional reporting provide you with evidence based and meaningful insight into your business.

The beautiful and deceptively simple interfaces make it easy for you to clearly and consistently communicate these insights to management and stakeholders. 

OpenAFSL provides you with granular, specific and consistent insights - all of which can be interrogated, mapped and referenced. 

 
Financial supervision is increasingly driven by data, with regulators requiring data of greater granularity and at a greater frequency.
— Institute of International Finance, March 2016 “Regtech in Financial Services: Technology solutions for compliance and reporting”

Click on the active links to schedule a demonstration.

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"The product and level of service provided by OpenAFSL went beyond expectations. ... flexible ... friendly and intuitive"

Henri Goder

 

"Built by a professional who really understands financial services and the advice process, OpenAFSL helps .. focus on and measure the thing that really matters - quality advice"

Ian McDermott

 

"they are a team of innovators ... with a robust industry first compliance platform that [empowers] licensees and responsible managers to use these insights to map the future direction of their teams. I would highly recommend [it] to any licensee looking for a robust and innovative compliance solution."

Russell Cain, CEO      LifeInsuranceDirect

 

"OpenAFSL is evolving and I love it."

Don Narayan

 

"A dealer group is a complex business built upon complex businesses. This system has allowed us to advance in all facets of compliance across our AFSL requirements. We have moved from being reactive to historical data into a world of timely, robust data allowing us to not only meet our AFSL obligations but do so in a way that adds value to our advisers. It’s intuitive, reliable and has delivered significant efficiencies to our business."

Sean Ward, Total Financial Solutions