Regulation, digital transformation and the low-interest envionment are considered to be a huge driver of costs in private banking. The compliance effort increases, and relationship managers must budget more time in their daily routines for regulatory measures.
This is why LGT - the largest private banking and asset management group in the world to be owned by an entrepreneurial family - has decided to embark upon a groundbreaking project: Turn regulation into benefits and profit.
LGT is aware that the implementation of regulations is unavoidable. This gave rise to the idea of using a new technology platform - ACTICO Rules. This Business Rules Management System allows the interaction among processes, rules and core banking functionalities. Regulatory and sales processes now have an identical basis.
If you want to know how LGT automates the prevention of market abuse and insider trading, read the case study.