VELA – Our RegTech Solution
RegTech is generally referred to as the optimisation of regulatory processes in the financial services industry by applying technology. AvelaLaw has developed a proprietary IT application named VELA that we offer to complement our risk and compliance services with the objective to improve our client’s internal control system and governance. The offering is fully flexible and clients can choose their required modules depending on their needs. Key features are:
- Full Internal Control System (“ICS”) solution, applicable to all areas of Risk and Compliance
- Extra modules to support Business Continuity and Risk & Compliance Self-Assessment
- Comprehensive Incident Database
- Independent Policy Repository with extensive search functions
- Strong features for analysis and reporting
- Ready to use ‘plug and play’, with standardized modules or to adapt to your specifications
- Easy access via web and compatible with any browser
- Backend database hosted in Switzerland
Do you have any questions? Let’s talk with us.
If you have a question, urgent query or require support, please do not hesitate to reach out to us.
Please let us briefly know your case and one of our team members will be happy to assist you.