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Many of the new regulations put forward by the FSA require some sort of IT intervention to deliver compliance. If your company is creating new applications to meet regulations such as Basel II, Sandler, Anti-Money Laundering, Mortgage and Insurance regulation or any other regulation for that matter, you need the compliant application as soon as possible.To achieve this you must ensure that Business Sponsors, IT Team and Regulator are in agreement about what the new application will do. Failing to ensure agreement based simply on documentation leads to considerable change control, resulting in late and over budget delivery and in some case regulatory fines. The prototype element of VeriSIM’s Application Lifecycle solution provides your company with a fully functioning simulation of the new application to actually experience when determining if it is fit for purpose. Signing off a ‘living’ specification during this phase of the project dramatically reduces change control later on and allows the IT team to accurately project total build cost and project length. For more information about application prototyping… 
The same simulation can be used well before the live system is ready as the basis of a VeriSIM training solution to make sure that employees will be using the new application in a compliant and effective way. For more information about application training… Finally, when producing a customer-facing system, the simulation can be reused as the basis of a customer promotion tool. The use of VeriSIM’s marketing solution as an interactive demonstration is proven to increase customer conversion and usage of online applications while delivering cost saving, cross selling and customer retention opportunities. For more information about application marketing… To see any of these solutions in action, please contact us for more information. |
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