UNITED KINGDOM (Laserfiche) Sept. 19, 2008—Laserfiche® said today that it is offering technology and know-how to help independent financial planners and investment advisers in the U.K. meet the requirements of the Treating Customers Fairly (TCF) initiative mandated by U.K.’s Financial Services Authority (FSA).
Laserfiche, an electronic document management system firm, whose recent initiatives to enhance regulatory compliance through technology among independent financial advisory (IFA) firms in the United States will serve as a platform for its efforts in the U.K.
“Electronic document management is being embraced by financial advisors and planners in the U.S. to help solve regulatory requirements, and we see a mutually beneficial application for IFAs in the U.K.,” said Laserfiche Senior Vice President of Business Development, Chris Wacker.
At the heart of both U.K. and U.S. regulatory schemes is the requirement for IFAs to be able to document their processes and workflows to show compliance. Historically, this has been a manual process, burdening IFAs with increasing costs. Now, however, with advanced document management technology from Laserfiche customized for the business operations of IFAs, meeting regulatory mandates is streamlined.
”Laserfiche offers document management technology that enables my firm to meet TCF objectives,” said Neil James, Director for Regal Independent Financial Services in Cribbs Causeway, Bristol, U.K. “Additionally, Laserfiche has helped reduce the cost of FSA compliance, while giving me the freedom to garner TCF implementation to meet my firm’s specifications.”
“Laserfiche and our team of U.K. based solutions providers are eager to offer their experience with compliance to firms across the U.K., in conjunction with its support of the TCF initiative,” Wacker said. “By offering cost and time-effective electronic document management products, Laserfiche promotes the implementation of FSA regulations, while benefiting both the firm and the consumer.”