Page 36 - GS230901
P. 36
NewProduct
Stay ahead of global regulations
with real-time compliance
easily share data, create reports and refresh monthly
statistics to keep stakeholders informed.
Filter out distractions, noise
In addition to these compliance tools, VIXIO provides
analysts to assess, analyze and distill key regulatory
IXIO Regulatory Intelligence, a regulatory events to provide actionable insights. With increasing
and business intelligence provider to global volume of regulatory change creating noise in the system,
payments and gambling businesses, launched Horizon Scanning successfully filtered out irrelevant
V Horizon Scanning, an SaaS solution designed data, demonstrating that in the first half of 2022, only 978
to provide real-time intelligence to payments compliance of the 300,000 regulatory events tracked were relevant to
professionals. Roseanne Spagnuolo, VIXIO chief content payments. Of the pertinent events identified, analysts
officer, described Horizon Scanning as a three-pronged noted that only 200, or 0.32 percent, were actionable.
solution that provides in-depth coverage, regulatory trend
analysis and reporting capabilities. Apart from the significant time saving that Horizon
Scanning affords compliance teams, the company stated,
"The payments industry continues to evolve and be the service also provides the benefit of customization, which
disrupted by new technologies and business models, ensures that data points fit within client requirements and
reducing friction and creating new customer experiences," is tailored appropriately according to each enterprise and
she said. "Risks are also emerging due to tough market its unique perspective of the global regulatory landscape.
conditions, rising fraud and pressures on firms to grow Complementing this core requirement, the solution acts as a
quickly." Spagnuolo further noted that in response to these training tool to help teams approach different jurisdictions
changes, regulators are vigorously enforcing privacy laws and regulations within their specific roles.
to protect consumers. VIXIO, she said, developed Horizon
Scanning to empower clients to systematically manage Balance growth and risk
regulatory change and safeguard their businesses and VIXIO's 2023 Payment Compliance Outlook surveyed 202
customers from non-compliance penalties and exposure. senior compliance executives in the United States, UK,
Three use cases Germany and Brazil, and reported a worldwide shift
to regulatory priorities following Russia's invasion of
By offering three main use cases within its payments Ukraine, which led to firms being forced to act on short
compliance framework, Horizon Scanning provides notice to remain compliant, researchers noted. "Some firms,
comprehensive protection and real-time monitoring to keep including Visa and Mastercard, even took the option to de-
companies in sync with global regulations. The company risk from Russia entirely, abandoning the Russian market
summarized the services as follows: weeks after the invasion and each losing 4 percent of
• Real-time intelligence: Providing intelligence to more estimated revenue," researchers wrote.
than 130 jurisdictions worldwide, from the United
States and Canada to Europe, Latin America and As firms strive to balance rising competition and a worsening
Asia Pacific, Horizon Scanning can help compliance economy with growth and opportunity, compliance teams
professionals monitor and prioritize regulatory bear the load. However, VIXIO researchers noted that firms
changes based on whether the situation is actionable, are harnessing new, alternative payment schemes, both
indicative or informative. organically and by acquisition, to increase revenue, resolve
• Analysis of regulatory policies and trends: Facilitating compliance and security issues and protect customers.
VIXIO Regulatory Intelligence, with offices in London and
continuous information through a customizable, Washington, D.C., provides intelligent solutions to help
dynamic dashboard that tracks policy movements enterprises navigate complex regulatory frameworks and
keeps compliance professionals informed on market manage compliance risk, while analyzing and pursuing
strategies and risk management. Customers can filter new opportunities in fast, volatile markets.
results, assess regulatory impact by type and volume
and build custom watchlists to instantly identify new Company: VIXIO Regulatory Intelligence
product types, new market openings and regulatory
change trending toward stricter obligations. Product: Horizon Scanning
• Reporting to the board. Creating exportable analysis Website: https://vixio.com
on the platform enables compliance professionals to Contact: https://vixio.com/contact-us
36