Remember when Compliance was the dreaded “C word” in financial services? A novel concept that sent shivers down advisers’ spines?
For industry veterans, there was even a time before compliance existed in any meaningful form. Your primary “Consumer Duty” was simply selling as much protection and savings as possible!
Many of us believed we were filling crucial gaps left by Thatcher-era state welfare cutbacks. We crafted compelling narratives around disappearing state pensions and vanishing sickness benefits. With hindsight, these proved largely exaggerated – we perhaps underestimated most governments’ enthusiasm for spending.
At BAT, we’re now declaring compliance the OLD C word – a necessary but increasingly outdated approach being transformed by technology. Our BAT AI solutions are fundamentally reimagining compliance functions, shifting human roles toward exception handling, complex case management, and strategic oversight.
The compliance officer of tomorrow won’t be buried in routine checks and documentation. They’ll be the strategic navigator of complex regulatory landscapes, supported by AI systems that handle the heavy lifting. BAT check files at £10 each, at scale – consistently, accurately and at cost.
Is your firm still approaching compliance the old way, or are you embracing the technological revolution that’s redefining the field?