JWG and PwC Italy partner to boost the next generation RegTech solutions to the Italian market
London, Milan – 21 October, 2020 – JWG, the trusted financial services regulatory intelligence company, and PwC Italy today announce a new collaboration agreement to support the access to the AI-powered, natural-language processing change management system — RegDelta, for Italian and European financial institutions operating within the Italian market.
The offering ensures that financial services institutions will be able to access trusted regulatory intelligence and maintain a single view of their obligations, also considering the Italian local regulation, classifying thousands of concepts in Italian and English.
Over a decade after the 2008 financial crisis and exacerbated by the COVID-19, the financial services industry continues to face a changing and complex landscape. Faced with decreasing margins, continuous regulatory pressure and the threat of large fines for non-compliance, new technology is required to minimise compliance risk.
Missing a single update can cause a disproportional loss if the firm fails to spot a regulatory change and action it appropriately. JWG’s RegDelta has been built by industry experts to scan the regulatory horizon, pinpoint thousands of regulatory concepts and bring control to the significant task of managing regulatory obligations.
Marcella Di Marcantonio, Associate Partner, PwC Italy said “PwC Italy continues to lead the way for our clients as they adopt innovative and agile approaches enabled by RegTech. In the face of another wave of regulatory reforms, we believe that JWG’s RegDelta platform, now customised for the Italian market, is a key cornerstone for businesses.”
PJ Di Giammarino, CEO JWG said “We are delighted to collaborate with PwC Italy to bring the power of RegDelta to the Italian market. We are excited to help businesses digitize processes so they can tie today’s regulatory updates directly to tomorrow’s controls in a transparent and efficient manner.”
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JWG are operations and technology professionals, trusted by the global financial services industry as experts in regulatory change management. For the past two decades, its team of independent analysts have helped the industry interpret large quantities of regulatory reform and action it in a smart and intelligent way.
RegDelta gives your enterprise the power to scan the horizon and configure your obligations into a single business truth. Unlike any other provider, we use NLP to determine relevance from millions of alerts, enrich every document with a deep, proprietary model for FS obligations and deliver them to your instance in under 3 days. For more information please see our website: www.regdelta.com and introductory video: https://regdelta.jwg-it.eu/
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