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Since the financial crisis, banks have faced a staggering $243 billion in fines for risk and compliance. The regulatory burden for companies continues to grow, led by complexity from new expectations and changes. The roles and responsibilities of Compliance and Risk Officers are expanding. At the same time, compliance management continues to be fragmented, siloed, manual and time intensive. Institutions are spending too much time managing exposure for non-compliance, or don't have immediate and ready access to regulatory information. Compliance Pathways fills in all these gaps and more.
PwC’s Compliance Pathways, powered by Salesforce, is a modular and integrated end to end compliance management platform. The flexible modules can be applied to immediate pain points while allowing for longer term end to end automation, thus increasing coverage and reducing compliance risks and costs.
Compliance Pathways is a modular platform to immediately strengthen any aspect of the regulatory management process while allowing companies to build a modern, future proof, end to end compliance solution. It provides comprehensive continuous regulatory updates and improves visibility into areas of non-compliance.