Technology - Tech it from here
After January 2005, a good IT system will be an essential aspect of compliance. Brokers need to be seen to be building a sound electronic infrastructure now, warns James Gamble
Choosing the right IT platform has always been a vital strategic decision for brokers, but it is even more important in the light of forthcoming Financial Services Authority (FSA) regulation. As insurers assess brokers for potential partnerships beyond January 2005, it is clear that IT will have an increasingly important role to play.
While technology alone cannot make you compliant, it can automate many routine compliance processes, leaving you to concentrate on the client - which is the FSA's
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