Our Mission
To enhance the strength and resilience of UK Financial Institutions with Authorised Push Payment (APP) Fraud Reimbursement Insurance and digital Regulatory Audits as a Service (RAaaS).
APP Scam Reimbursement Insurance
APP Fraud Reimbursement insurance is available to UK Payment Service Providers (PSP), their Agents and Distributors.
The new APP rules represent a Board level risk for all impacted Financial Institutions - APP Fraud Reimbursement Insurance can provide your Board with substantial business risk mitigation.
The insurance and supporting digital audits help you mitigate real-world APP operational risks as well as providing the insurance cover your Board needs.
Special Administration Systems (SAS)
Our turnkey technology-enabled Bureau solutions are deployed as your own privately hosted solution and can be configured to meet your unique needs. The Bureau is delivered with either our own staff, or we can train your staff to operate the solution as well.
The Bureaus are explicitly designed for regulated customers and to meet the requirements of the FCA and ISO Certification Bodies.
The Standard and Enterprise solutions can support hundreds of thousands of records, while the Custom Bureau can be scaled to millions of records should you require.
Standard and Enterprise level Bureaus are deployed within 72 hours of contract.
Regulatory Audits as a Service (RAaaS)
Our patented* Regulatory Audits as a Service (RAaaS) delivers a unique digital approach to compliance auditing reducing the time, cost, and pressure on your teams. The audit normally takes less than 10 elapsed days from start to finish.
Using digital behavioural dynamics, RAaaS delivers added insight to help you implement change and improvements. RAaaS provides numerical scores against the FCA 12 principles and your audit scope at a fraction of the time and cost of traditional audits
RAaaS not only takes the stress and uncertainty out of audits, it provides a non-bias, scalable, numerically scored solution allowing you to track alignment to regulatory requirements and FCA's 12 principles.
These digital audits can also be used as a health check or internal audit ahead of a mandatory external audit so you know you are well prepared. Watch the introductory video.
* Patent No 20060206287
Specialists in:
If your firm is on the PSR's Special Directive 20 (SD20) list or exposed to Authorised Push Payment (APP) Scam reimbursement.
If your Board needs APP reimbursement insurance to mitigate APP risks.
If you want to reduce regulatory audit costs, or would like to use our fast digital audits in 'internal audit mode' to prepare for a formal audit.
If you want to improve profits or reduce risk to a wind-down plan or consumer duty. We specialise in dormant fund administration, management of funds under special adminstration and charitable giving.