FCA implements Xactium as the Risk Management System for Large Firm Supervision
When the FCA took on supervision of Consumer Credit firms, the organisation needed an effective way of monitoring the risk inherent within the 50,000 additional firms they were responsible for.
This case study outlines the challenges faced by the FCA and why Xactium was the solution chosen to address these challenges.
The scope of the implementation covered three initial areas:
Following implementation of Xactium, the FCA quickly identified increased compliance through ease of use as well as improved Management Information and decision making.