BPM for MiFID - Compliance Technology Platform

MiFID – the Markets in Financial Instruments Directive, is a major part of the European Union’s Financial Services Action Plan (FSAP), which is designed to create a single market in financial services.

MiFID made significant changes to the current regulatory framework to reflect developments in financial services and markets since the ISD was implemented, including client classification, marketing, information about the firm and its services, client agreements, suitability and know your customer, appropriateness and execution-only services, best execution, client order handling and reporting information to clients.

BPM is the technology platform that enables MiFID compliance.
BPM is the technology platform that solves the problems that arise from the organisational, conduct of business, transparency and transaction reporting requirements of MiFID.
BPM for MiFID provides a sustainable compliance tool that provides powerful long-term value. The system was architected to evolve as regulatory and methodological requirements evolve and will continue to meet ongoing, changing needs.
BPM for MiFID automates the management of compliance rules and behaviors for the company.

PNMsoft's BPM for MiFID platform delivers integration, automation, and business process management solutions to a range of financial services. These industry-specific solutions provide a flexible, scalable, and reliable platform that enables businesses to be more agile and connected. As a result, managers are empowered to shorten approval cycles, integrate operations with the different organisational departments, share information in real time, and more easily communicate with customers.

BPM for MiFID provides visibility into the real-time status of an entire end to end process and any related activities for workers and managers. This means that a more proactive approach can become common practice. This level of visibility proves highly beneficial when deadlines are approaching or work items are overdue. Furthermore, managers achieve insight into performance standards such as how long it takes an employee to complete a task, how many activities an employee can successfully undertake at once and how often an employee delegates tasks, thereby enabling better decisions in the future.

BPM for MiFID supports a culture of organisational and personal accountability by tracking and auditing individual’s turnaround time and quality of work. It is also possible to do sampling of specific process tasks to ensure that compliance for critical tasks and processes is in place. BPM for MiFID significantly improves individual and organisational performance.

BPM for MiFID enables your organisation to comply to requirements mandated by MiFID.

For more about BPM for MiFID, contact us or request our white paper