<img height="1" width="1" style="display:none;" alt="" src="https://dc.ads.linkedin.com/collect/?pid=378468&amp;fmt=gif">

Our experts partner with compliance teams around the world to provide customizable, user-friendly software solutions designed to simplify every-day compliance processes while ensuring you meet the strictest regulatory standards.

Our system offers a host of benefits and reassurances for compliance leaders, compliance teams and technology specialists.

Automated conflict of interest detection and mitigation helps your compliance teams work better, faster and more effectively. The rigor of our reporting, surveillance, certification and security systems provides complete peace of mind for Chief Compliance Officers and board members.

Helping you to detect and prevent market abuses that could jeopardize your reputation and regulatory compliance. Actively manage insider lists and investigate employee trading in the context of current market activity and events.

Clear deals faster. Centralize deal data. Reduce your risk. Compliance Control Room lets you organize, manage, and monitor your firm's most important information flows from a single platform.

Whether for work or pleasure, it’s a mobile world. And a mobile workforce calls for mobile solutions. Introducing STAR Mobile. With STAR Mobile, employees pre-clear activity and report transactions on-the-go. Supervisors review escalated requests anywhere there’s a cell connection.

Helping you to actively manage employee trading in the context of market activity and events to guard against insider trading.

Create unlimited projects to easily manage and monitor dynamic lists of employees who have access to insider information.

Compliance Control Room's enterprise-level single platform centralizes all your firm's deal-related activity—letting you manage control room activities more efficiently and effectively.

Increase employee participation. Increase data accuracy. Increase responsiveness. STAR Mobile is a native app that makes compliance simple, easy, and convenient.

Four Ways To Know You Need A Mobile Compliance App

If your job is to convince upper management or colleagues of the need to invest in a mobile compliance capability, keep reading

As we discussed in this space last week, the case for a mobile compliance capability is strong  if not necessarily intuitive. With a good case made, then, for why your enterprise financial firm's compliance program will benefit from such a capability, we thought we'd offer some ways to specifically pinpoint said need. Maybe it's your job to convince upper management that a mobile compliance app is worth the additional cost. Or maybe, being the skeptic any good compliance officer worth her salt likely needs to be, you're still in need of some convincing yourself. Either way, we're here to help.

If your firm is putting more and more people on the road, there will almost certainly be less opportunity for them to linger luxuriously over their laptops—seated comfortably and logged into your compliance platform—and complete their compliance-related tasks. Whether it's properly pre-clearing personal stock trades, logging gifts-and-entertainment spending, or diligently staying on top of their escalated-requests queue, a mobile compliance capability will give your on-the-go employees more opportunity to do the compliance-related work they need to do. In 2018, 52.2% of all online traffic worldwide was conducted on mobile devices.1 It's a mobile world. You can fight it or deny it, but you're better off making the most of it.

Related to the issue of an increasingly mobile workforce is the issue of an increasingly offsite workforce. You may imagine your work-from-home employees dutifully at their desks eight hours a day, hovered over their keyboards and never wavering for a minute from their assigned tasks. But that's not even the reality for a fully office-bound employee. Everyone gets up and down from their desks throughout the day, and a telework employee may be tasked with the duty of picking up a child from school, or may trade their lunch hour for a long walk. Again, rather than fighting reality you're better off giving your offsite employees the opportunity to stay compliant in the way that's easiest for them: the way that maximizes their participation, whatever they happen to be doing when they don't answer their IMs.

Worldwide, Millennials will make up 35% of the global workforce by 2020. Generation Z, the next up-and-coming worker cohort, will make up another 35% of the global workforce by that time.2  Stereotypes aside, there does seem to be more of a need for instant gratification amongst these two groups. As workforce demographics change, needs and expectations also change, and employers must rise to the occasion and recognize and meet them. Utter convenience is what Gen Y and Gen Z know, and mobile solutions are an increasingly big part of that equation.

It's the eternal lament and challenge of compliance officers everywhere: employee participation in the compliance program isn't what it should be, and we're running out of ideas for how to boost it. Making compliance simple and easy matters, which is exactly what mobile apps do for offsite and on-the-go employees. But a mobile compliance capability shouldn't be underestimated for the effect it can have on any employee. If you, the reader, are at work in an office right now, take a look around and see how many people have their smartphones sitting right next to their desktop computers, then take note of how often they swap back and forth between them. Smartphones are so increasingly ingrained in people's lives, employees are just as likely to tackle a task on their cellphone screens as they are on the 32-inch monitors sitting two feet from their faces. It's a mobile world, even when it doesn't have to be.

A flashing, screeching alarm bell like this one can point to a number of problems, one of which is poor data accuracy, which itself can point to a number of problems, including critical data not being entered into the compliance platform in a timely manner, if at all. You probably see where this is going. Those increasing numbers of offsite or on-the-road workers may not be getting around to asking for the pre-clearances your code of ethics requires or logging the kind of activity that completes your firm's data picture. Similarly, your line-level supervisors may not be getting around to investigating and closing out in a timely fashion the escalated requests your compliance platform so dutifully generates.

The simpler and easier compliance can be for anyone at any level in your enterprise financial firm, the better for the overall performance of your compliance program. A mobile compliance capability can help close system gaps and complete the compliance officer's, and hence the firm's, information circle, and can therefore make all the difference when it comes to the firm and individual employees staying on the right side of regulators. Mobile apps have made much of what we like to do and need to do on the web simpler and easier. This is as true for financial compliance as anything else, and why wouldn't it be?

With half a million end users and clients in more than 50 countries, StarCompliance is truly a global leader in financial compliance software solutions. Our products guard against employee conflicts of interest, market abuse, and control room mishaps—in the process guarding against reputational damage to your firm. But seeing is believing. To see what Star can do for you, book a FREE demo now.





Recent Posts

Subscribe to Blog