Since the crises of 2008, financial services institutions have faced the burden of intense regulatory pressure. New rules, laws and directives have been introduced throughout the world with the aim of fostering transparency, fairness and professionalism. Maximising opportunities in this 'new normal' environment of regulatory change is a key challenge for CIOs. GFT built a comprehensive solution for the Royal Bank of Scotland for use in the global regulatory landscape – addressing current, emerging and retrospective legislation and obligations.
In 2015, the innovative solution won RBS the prestigious Banking and Technology Award for 'best use of IT for the purposes of risk/regulatory change management'.