INVESTEC BANK (UK) LIMITED
Summary of issues/requirements
With both external regulatory reporting and internal monitoring of investment activities under ever increasing scrutiny, Investec found that their existing reporting system was too slow and inflexible.
They needed a reliable and robust system that would collate data and produce automated daily reporting for their compliance team. It was critical that this system was up and running within 3 months
Vega delivered a fixed cost solution within the 3 months’ timeframe. The data collection element was well automated and tightly controlled and the reporting system provides clearer and more comprehensive information, enabling the bank to make better business decisions. A secure browser based solution enabled selected roll out of key functionality to other departments in the bank, giving wider visibility and understanding of compliance requirements throughout the organisation. The system is now used by compliance departments throughout the global Investec Group.