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Ep.77 The One Stop Solution for Compliance Monitoring for Depositary Banks – Arthur Reiter, CCO and Co-Founder at Depowise

As financial organisations are squeezed for costs and increased efficiency, financial institutions and specially depositary banks are having to narrow the focus of their core activities, leaving ancillary services to organisations that can provide them with more efficiency quality and better cost. 

This move would have been unthinkable only a few short years ago when banks and other financial players were adamant that all functions were to be provided in house. Nevertheless as disruption continues to make its way through financial services the disintermediation of the finance value chain continues to present opportunities for incumbents and fintechs to collaborate

We recently had the chance to speak to Arthur Reiter, CCO and Co-Founder of Depowise, and Estonian fintech that provides compliance monitoring for asset services.  In this eye-opening interview to the world of compliance monitoring, you’ll learn how the increasing complexity of regulatory compliance for financial institutions has become not only critical for depository banks  but highly labour intensive. Listen to how Depowise asset servicing core focus on investment managers and management companies is leveraging technology and deep subject matter expertise to ensure continuous adherence to complex regulation to give peace of mind to both asset managers and their clients.