Regulation Compliance Management System
CORAL™ ComplianceMatrix is a centralized management system that ensures consistent conformity to regulatory requirements by banks, insurance and financial institutions. The framework gives an outline of compliance in the organization to guarantee that every division abides by any new guidelines from the regulators. It then gives a review of the compliance progress and steps taken by each department. This allows for easy tracking and up-to-date monitoring of alignment with regulatory authorities.
CORAL™ ComplianceMatrix provides a powerful solution for managing a wide variety of regulatory and compliance processes and ensuring accountability throughout financial institutions of all sizes.
Assign regulations to respective departments
Perform gap analysis
Review initialization periodically
CORAL™ ComplianceMatrix monitor pertinent regulations and other requirements, manages compliance documentation, leads risk assessments, and demonstrate proof of compliance through strong reporting.
Displays proof of compliance with complete reporting capabilities, developing and/or managing training and application of applicable policies, controls and processes.
Track laws and regulations coming from multiple sources and address compliance issues in a timely manner.
Mitigates risks to prevent loss of time and reduces error through proactive monitoring providing remediation tracking and action plans.
Automated leveraged built in reporting tools to identifies gaps and manages remediation plans.
Provides a customized dashboards for monitoring with automated audit tracking of all task management and compliance management.
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