LGT's Approach to Regulatory Compliance Efficiency

This document is a case study detailing how LGT Financial Services implements a new technology platform to enhance efficiency in regulatory compliance. It outlines the challenges posed by increasing regulatory demands, particularly from MiFID 2, which necessitate more technical and administrative tasks. The case study describes the transition from manual consulting processes to a centralized business rules management system using the ACTICO Decision Management Platform. It highlights the benefits of this new platform, including improved efficiency in IT, guided processes in client relationship management, and reduced risk through centralized rule management. The document also discusses the added value for clients and relationship managers, emphasizing tailored offers and reduced administrative efforts. Additionally, it mentions the importance of unit testing and automated documentation in improving code quality and understanding of business rules. Overall, LGT aims to turn regulatory requirements into advantages, thereby enhancing customer satisfaction and maintaining a competitive edge in the financial sector.