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 promised innovation, simplicity and certainty and our platform delivers on our promise.

This flexible and real-time solution offers:

  • A conduct-focussed monitoring and supervision framework;
  • An effective risk management framework;  
  • Granular reporting and benchmarking;
  • Integrated remediation and consequence management; 
  • Embedded advice metrics and trend analysis; and
  • Consistent and fully auditable management of complaints, incidents and breaches.

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”

ISO 27001 Certification

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Click on the active links to schedule a demonstration.


Testimonials

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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