TMF Jersey Pioneers Digital RegTech with Implementation of Beacon
TMF Jersey, a leading provider of fund, corporate, private clients and employee administration services on the island, has further enhanced its use of digital solutions with the successful implementation of Beacon, an innovative governance, risk and compliance tool, developed in Jersey by the Altair Group.
Beacon is a transformative RegTech tool designed to allow financial services businesses to generate significant compliance efficiencies through customisable compliance templates, live dashboards, tailored reporting, comprehensive libraries and built-in regulatory change
management. The system allows risk and compliance teams to focus on what really matters— mitigating risk, protecting clients and facilitating growth.
TMF Group brings together transformative and disruptive technology capabilities to create new digital delivery models, enhance operational experiences and provide valuable insights and data analytics. By bringing levels of governance and quality assurance that inspire trust and confidence, Beacon forms an important part of TMF’s digital toolkit.
James Coughlan, Market Head British Isles, Ireland and Luxembourg at TMF Group, explained that “TMF Group works hard to make a complex financial world simple so that firms can invest safely and operate simply. We are committed to investing heavily in our people and technology to provide the highest quality services and Beacon is the latest demonstration of that commitment. We’re proud to pioneer new and innovative technology that reduces risk exposure and generates efficiency gains for us and our stakeholders.”
Ian Lambert, CEO of the Altair Group said “We’re very pleased to play a small part in the growth of Jersey’s digital industry through our development of technological solutions such as Beacon. We are really grateful to TMF for having the vision and confidence in Altair and Beacon to be the first, of what we expect to be many, financial services business adopting RegTech solutions such as Beacon to manage the burden of complex regulatory compliance for themselves and their
clients. Whilst Beacon has initially been developed for Jersey, we have constructed it on the platform of Decision Focus, an internationally-recognised technology provider, and we’re looking forward to seeing its use spread across many more jurisdictions.”
About TMF Group
TMF Group is a leading provider of critical administrative services, helping clients invest and operate safely around the world. Our 11,000 experts and 125 offices in 87 jurisdictions worldwide serve corporates, financial institutions, asset managers, private clients and family
offices, providing the combination of accounting, tax, payroll, fund administration, compliance and entity management services essential to global business success.
We work with the majority of the Fortune Global 500 and FTSE 100, covering sectors as diverse as capital markets, private equity, real estate, pharmaceuticals, energy and technology.
TMF Group – we make a complex world simple. www.tmf-group.com
Contact
Marina Llibre Martín
Global PR Manager at TMF Group
marina.llibremartin@tmf-group.com
About Altair
Altair Group is a leading provider of independent director, governance and technology services based in the Channel Islands. Our highly experienced team of directors, consultants and advisers delivers exceptional support and innovative solutions.
Beacon is a cutting-edge technology solution which has been purpose-built for financial services firms and offers powerful tools to streamline governance, risk and compliance functions, helping organisations drive efficiency and stay ahead of regulatory obligations.
Contact
Ian Lambert CEO
E: beacon@altair.je
T: +44 (0)1534 705510
Website: www.altair.je/beacon