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As the UK Financial Services sector continues its rapid evolution, the increased pace of innovation and evolving regulatory landscape means the pressure on compliance functions is greater than ever. As a strategic partner to your business, Rectifi’s optimal allocation of professional, experienced and qualified resource ensures that the right people, with the right skills, are deployed for maximum cost efficiency and effectiveness.

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Retail Banking

Over the last decade, the UK’s Retail Banking sector has faced a number of disruptive threats. As the sector continues its rapid evolution, the increased pace of innovation is driving change in customer behaviour, expectations and demand for banking services.

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Freedom, choice, flexibility and portability are just some of the features associated with today’s diverse set of retirement options. After introducing some of the most radical changes ever seen, the government is focused on ensuring that people are provided with a choice on how they both save for and access their pensions in retirement.

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In order to strengthen the financial system against money laundering, terrorist financing and other financial crimes, the global Anti-Money Laundering (AML) and Know Your Customer (KYC) landscape has undergone significant change with increasing layers of regulations and enforcement being added across many jurisdictions.

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Insurance and Protection

Complex layers of brokering, processes, commission structures and a lack of transparency in customer transactions have been key drivers in customers being exposed to unsuitable low value products which has resulted in increased complaints volumes being experienced across many personal product lines.

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We understand how important effective and efficient remediation and complaints management is for a business. For all enquiries, or if you need urgent assistance, please contact us.

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