The new system has been developed in conjunction with Redland Business Solutions using its 'Insight T&C' solution, which has been tailored to Sesame's specific compliance requirements.
The platform supports a range of business applications, giving advisers easier access to management information and operational data to help improve productivity.
George Higginson, Sesame Bankhall Group’s chief operating officer said: “Our profession is operating in an increasingly intrusive regulatory environment and our job is to try to ease the burden for our members.
“This multi-million pound investment in our compliance infrastructure will enable us to do just that. It gives adviser firms a single view of their firm’s regulatory risks and performance, along with greater flexibility as to how and when they access important data.
“Ultimately this is about having robust systems and controls in place that help firms to better manage regulatory risk and thereby protect both their advisers and their clients. Moving on to a single compliance IT platform also means we can now respond even faster to regulatory changes, such as the new demands arising from the Retail Distribution Review."
Joel Turland, managing director of Redland Business Solutions commented: “Redland is firmly committed to meeting the challenges of the RDR and the new regulatory regime.
“Companies need to be able to demonstrate their compliance to the new regulations with ease and Insight T&C can help achieve this. In addition, the system will allow advisers to prioritise their work and to focus on developing the most important asset in their business, their people.”
