As FINRA phases out WebEFT, financial institutions face the daunting task of migrating to FINRA's new API platform. Managing the switch internally leaves firms to choose between a significant and ongoing investment in development and compliance resources or a move back to inefficient and error-prone manual processes.
The April 30 sunset date is coming up fast. Is your firm ready for the change?
Tracking employee compliance credentials including licensing, registrations and continuing education is a complex endeavor.
Using spreadsheets to track compliance with employee qualification and certification requirements sounds like a cost-effective and simple way to keep track. But when you factor in all of the potential licenses, registrations and continuing education updates that are potentially applicable to employees of a financial services firm and all of the moving parts that go along with them, it’s a daunting task with much room for error.
