Singapore/Hong Kong, 15 December 2020 – Apiax has been recognised as ‘One to Watch’ in Compliance Automation in the 3rd Regulation Asia Awards for Excellence 2020 in an online ceremony on 15 December 2020.
Apiax provides ready-to-use solutions to transform complex regulations into digital compliance rules and makes it easy for financial institutions to access this compliance knowledge and address specific business cases globally. The Apiax solutions can be integrated into existing systems to guarantee a compliance layer is present at all times.
Apiax focuses on wealth management and asset management, specialising in solutions in the areas of cross-border compliance, advisory mandates, discretionary mandates, as well as related data protection and tax topics.
At one major bank, Apiax empowers more than 3,800 relationship managers to identify relevant regulatory requirements and their impact on investments with easily accessible Yes-or-No answers powered by multicountry digital compliance rules. Integrated into the bank’s advisory process the rules are always updated and only permit financial instruments based on their accordance with the law.
Serving as a compliance plug-in, Apiax digital rules ensure full compliance with relevant regulatory requirements – directly within the portfolio management software, with little to no supervisory intervention required. Effectively, Apiax can make compliance the only option and significantly reduce risk of non-compliance.
“The Apiax solution appears both elegant and easy to use,” said a judge on the awards panel. “A set of digital compliance rules focused on how investment proposals are developed for a client, for example, removes the need for a regulatory handbook to sit with a banker to ensure they are asking the right questions and serving the client only with suitable products.”
About the Regulation Asia Awards for Excellence 2020
The Regulation Asia Awards for Excellence recognises financial institutions, technology companies, legal and consulting firms, exchanges and other players that have helped meet the challenges of the ever-changing and increasingly complex regulatory landscape in Asia Pacific. Each year, submissions are diligently evaluated and award winners selected by a panel of industry experts serving as judges.
The full list of award winners is available here.
About Regulation Asia
Regulation Asia is the leading source for actionable regulatory intelligence for Asia Pacific markets. With over 8,500 subscribers, including regulatory bodies, exchanges, banks, asset managers and service providers, Regulation Asia plays a key role in shaping the regulatory agenda.