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IT compliance

What’s Your Financial Services Compliance Challenge?

We need strategic guidance to better align compliance and risk within our firm.”

“A key challenge is identifying and mitigating potential risks related to our 3rd party relationships.”

“Our firm is concerned with keeping up with changing SEC and FINRA enforcement priorities.”

We Know Your Industry | 275+ Financial Services Clients

A Strategic Roadmap for Financial Services Compliance

The financial services industry is one of the most heavily regulated sectors, with numerous regulatory bodies imposing overlapping requirements for data privacy, access, and cybersecurity standards. Firms often struggle to stay up to date with the constant changes in regulations, enforcement priorities, industry best practices, and new cyber threats.

As such, these firms need strategic guidance from industry-focused IT experts to ensure they remain compliant and avoid risks. With the right guidance, firms can develop programs that meet regulatory and cybersecurity requirements—while still allowing for innovation, growth, and ROI.

CoreComply combines strategy and technology for a comprehensive IT compliance for financial firms.

financial services compliance

In 2022, SEC enforcement actions increased by 9%.

Third-Party Risk Management: A Growing Threat

Most businesses today heavily rely on third-party vendors for a variety of critical functions. However, with third-party vendors come unique risks that must be managed effectively. A poorly managed third-party relationship could lead to reputational damage, loss of business, fines and penalties, and other severe consequences. Firms need a robust third-party risk management (TPRM) solution for managing vendors to mitigate these risks and maintain compliance.

financial services compliance
IT compliance

The Benefits of TPRM

  • Better risk mitigation ensures that critical functions and services are delivered seamlessly.
  • Expanded risk management can boost investor confidence, helping your firm stand out in a crowded competitive market and attract more investors.
  • Avoid financial consequences arising from vendor failures, including the potential loss of business, lawsuits, regulatory penalties, and more.
  • Reduced reputational risks, mitigating the possibility of negative publicity and reputational damage.
  • Improved security posture, enabling firms to analyze vendor security standards and reduce the potential for data breaches.

84% of survey respondents indicated that third-party risk misses caused operational disruptions.

– Source Gartner

Centralized Compliance Solution

A centralized solution automates and streamlines processes while providing enhanced transparency and control. The right mix of strategy and technology will allow your firm to more effectively and efficiently manage activities like audit management, policy and procedure oversite, risk assessments, and internal controls management. Utilizing a comprehensive technology solution to manage IT compliance and risk management will bring the following benefits to your firm.

  • Improved regulatory compliance
  • Reduced silos and automated compliance activities
  • Diminishes the likelihood of serious cybersecurity incidents
  • Increases operational efficiency and optimizes costs
  • Better integrate and align with business goals
compliance solutions

The 2023 SEC and FINRA Enforcement Landscape

Each year, FINRA and the SEC outline their enforcement priorities covering a wide range of topics, including technology, cybersecurity, data protection, customer data access, and more.

Here are some of the most critical takeaways for 2023:

  • Increased odds of undergoing an examination (audit)
  • The SEC Division of Examinations will prioritize recently registered investment advisors or firms that have not yet undergone an audit
  • Increased emphasis on evaluating and reducing third-party risk management (TPRM)
  • Expanded focus on incident response and operational resiliency planning
  • Reviewing policies and procedures for safeguarding company accounts and customer data
  • Intensified attention on data loss prevention and procedures for employee offboarding

In 2022, 15% of all RIAs and 50% of broker-dealers underwent an examination.

Prepare with Strategy & Technology

As regulatory requirements evolve, many firms struggle to keep up. With new enforcement priorities and expanded regulations in the works from the SEC and FINRA, financial firms need to implement a comprehensive compliance program to respond to changes and mitigate risk. CoreComply delivers strategic guidance and leverages the necessary technology to ensure your business is always compliant.

CoreComply also provides delivers cost savings for firms looking to simplify their compliance process. Our solution automates compliance activities and reporting, saving you time and money. CoreComply reduces the time spent on activities and aligns compliance across the organization, allowing you to focus on your profit centers.

IT compliance
GRC Dashboard

Benefits of an Automated Compliance Solution

  • Reduced errors and improved accuracy in assessments, reducing the risk of non-compliance and potential regulatory penalties.
  • Enhanced efficiency in managing compliance, risk, and governance activities, streamlining operations, and reducing operational costs.
  • Improved transparency and collaboration between teams, enabling a centralized platform for tracking compliance and risk management activities.
  • Provides real-time monitoring, analysis, and reporting on identified risks, prompt response to vulnerabilities, and more straightforward mitigation of potential impacts.
  • Results in better decision-making by providing access to dashboards and reports, and facilitating data-driven insights to improve the organization’s strategic goals.
  • Improved scalability and agility, enabling the organization to adapt quickly to any changes in regulations and compliance requirements.
  • Increased security and privacy through automated monitoring, governance, and control measures to ensure adherence to data privacy policies and regulations.

Shorten Time Spent on DDQ and Reporting

Combining the power of strategy and technology, CoreComply streamlines DDQ responses, audit prep, and producing documentation needed for cybersecurity insurance reporting. In addition, CoreComply enables efficient data gathering and analysis, risk assessments, and monitoring by automating the compliance process with built-in workflows for compliance management. This improvement makes it easier for firms to generate reports and documentation quickly, accurately, and continuously.

Additionally, CoreComply’s third-party risk management component helps firms to identify and assess third-party risks, provide transparency in vendor relationships, promote accountability, and introduce vendor best practices.

Cyber security solutions
compliance solutions

Discover CoreComply

CoreComply’s software simplifies responding to DDQ, audits, requirements from cybersecurity insurers, and other needs while reducing the risk of financial penalties and reputational damage.

  • Identify and track relevant regulatory requirements
  • Align policies with regulatory requirements
  • Automate compliance activities, enabling easy verification and analysis
  • Collect data from across the organization
  • Monitor compliance activities in real-time
  • Quickly respond to challenges and reduce the risk of misalignment

CoreComply for Financial Services Delivers

  • Compliance Strategy & Industry Expertise

  • Integrated Virtual Chief Information Security Officer (vCISO)

  • Compliance Platform

  • Policy Creation & Implementation

  • Gap Analysis

  • Audit and Cyber Insurance Support

  • Comprehensive Quarterly & Annual Reports

  • 3rd Party Risk Management

IT Compliance for Financial Services
Managed IT Service

IT Solutions Combined with Deep Industry Expertise

At Coretelligent, we have extensive experience solving complex challenges for key industry sectors, including the financial services sector. Our ultra-focused expertise and extensive knowledge enable us to deliver industry-specific technology solutions that anticipate and address your real-world business needs.

Private Equity

We understand that private equity firms are focused on optimizing returns for investors. PE firms need reliable IT platforms and industry-experienced real-time support. Coretelligent has partnered with many private equity firms, providing guidance on best practices and delivering technology solutions to ensure they can focus on providing profit for partners.

Private Equity

Venture Capital

Venture capital firms rely on technology for evaluating investments and managing their portfolios. They need to focus their time and talent on deals—not on maintaining and operating IT infrastructure. VCs leverage technology to improve relationship management and transparency.


Wealth Managers

Financial advisory firms must ensure compliance with an evolving array of overlapping regulatory requirements. They need IT solutions that enable them to ensure compliance now and into the future.

Wealth Management

Investment Banks

Investment banks rely on IT to drive every aspect of their M&A businesses. They require solutions that keep them on the cutting edge while safeguarding sensitive data and ensuring regulatory compliance.

Investment Banking

What Other Technology Challenges Do You Need to Solve?

  • Require an IT partner with cybersecurity solutions

  • Need ongoing planning and IT strategy services

  • Prefer an IT vendor with expertise in our industry

  • Need IT solutions that are customizable as we grow

  • Avoid system downtime

  • Protect sensitive and proprietary data

  • Leverage data as a competitive advantage

  • Streamline workflow and simplify document management and approvals

What Sets Coretelligent Apart?


Customizable & Consultative ApproachX
Extensive Industry ExpertiseX
Strategy Engagement & GuidanceX
Full Life-Cycle IT PartnerX
24/7/365 Support & MonitoringX
Scalable SolutionsX
Compliance & Cybersecurity Solutions

Complete Compliance AlignmentX
Streamlined Client PortalX

Guide to Governance, Risk Management, and Compliance

Download our guide to learn more about GRC and its importance in solving financial services compliance for your firm.