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Innovative


We are drowning in information, while starving for wisdom.

The world henceforth will be run by synthesizers, people able to put together the right information at the right time, think critically about it, and make important choices wisely”.                

E. O. Wilson

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Innovative


We are drowning in information, while starving for wisdom.

The world henceforth will be run by synthesizers, people able to put together the right information at the right time, think critically about it, and make important choices wisely”.                

E. O. Wilson

 OpenAFSL eases the compliance burden. It's agile regulatory  technology that's secure, intuitive and flexible.

 OpenAFSL eases the compliance burdenIt's agile regulatory  technology that's secure, intuitive and flexible.

Worry-free compliance. 

 

Compliance is a significant cost for most businesses. It's also the greatest source of risk and stress for directors, staff and management.

Assured Support developed the OpenAFSL platform to help their clients manage complex legal obligations simply, effectively and efficiently. Building twenty years of deep understanding and diverse experience into an IP rich web-app, Assured Support's platform provides:

  • Industry leading adviser audit capabilities (including reporting and benchmarking);
  • Embedded advice metrics and trend analysis;
  • Automated workflows, surveys and checks;
  • Streamlined reporting and granular analytics;
  • Integrated remediation and consequence management;
  • A cost effective and configurable regulatory solution;
  • Consistent complaints, incidents and breach management; and
  • Centralised repository for all reports, reviews, processes, policies and key data.

  

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Secure 

Built on the best available properly cloud platform, openAFSL is a secure, scalable and high performing application.

The reliable base and flexible, open design provides a seamless integration experience for in-house and third party systems.

OpenAFSL is a robust and high performing application that easily adapts to your business and your needs. 

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Intuitive

OpenAFSL was built by Sean Graham and Assured Support - experts in compliance, governance and risk for people who aren't and don't want to be.

Emphasising clarity and purpose, openAFSL is an engaging and intuitive system that offers risk based assurance, compelling dashboards, embedded analytics and multi-dimensional reporting.

 

 

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Proven

By investing in compliance, you will ultimately save yourself time, money and stress.

Industry leading assurance processes, integrated certifications and embedded analytics provide transparency and comparability.

With a reputation for significantly improving internal efficiencies, OpenAFSL  will allow you to transform compliance into a strategic management function.  

 
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Complete

The relationship management system at the heart of OpenAFSL records every interaction, every incident and every review.

OpenAFSL provides a single platform for managing everything from conduct risks to complaints, conflicts to breaches and remediation to recurring issues.  

All this information is at your fingertips and every function is designed to provide you with meaningful and compelling insights into your advice business.

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Precise

Our dashboards, snapshots, metrics and multi-dimensional reporting provide you with evidence based and meaningful insight into your business.

The beautiful and deceptively simple interfaces make it easy for you to clearly and consistently communicate these insights to management and stakeholders. 

OpenAFSL provides you with granular, specific and consistent insights - all of which can be interrogated, mapped and referenced. 

 

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Open

OpenAFSL is a dynamic, specialised application that's developed, supported and improved by an open and supportive community of users.

In addition to our expert assistance and continued support, you can benefit from the insights and experiences of our broader user base.

 

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Integrated


Financial supervision is increasingly driven by data, with regulators requiring data of greater granularity and at a greater frequency”

Institute of International Finance, March 2016 “Regtech in Financial Services: Technology solutions for compliance and reporting” 

Integrated


Financial supervision is increasingly driven by data, with regulators requiring data of greater granularity and at a greater frequency”

Institute of International Finance, March 2016 “Regtech in Financial Services: Technology solutions for compliance and reporting” 

OpenAFSL is a sophisticated, robust and intuitive web application that will deliver better data management and provide you with more accurate insights about critical aspects of your business. 

It's a customisable application that provides “data analysis to help consolidate, manage and monitor risks at a licensee and adviser level

OpenAFSL can easily integrate with, and complement, your existing systems. You control how the system is deployed and linked, so you remain in control of your infrastructure.

Beyond providing you with a mobile, scalable, risk based solution that delivers "meaningful compliance" and commercial benefits OpenAFSL offers:

  •  FOFA ready monitoring and supervision for Advisers and Credit Representatives;

  • Risk based reviews tailored to activities and roles;

  • Integrated remediation and consequence management;

  • Granular reporting and benchmarking;

  • Embedded advice metrics and trend analysis;

  • Real time reporting and speedy report generation; 

  • Consistent and fully auditable management of complaints, incidents and breaches; and

  • Scheduling and reporting tools.

 
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Essential


In an uncertain macroeconomic and financial environment, applying RegTech could make an important contribution to increasing .. profitability and efficiency .. while improving … effective compliance with financial regulation

Institute of International Finance, March 2016 “Regtech in Financial Services: Technology solutions for compliance and reporting”

Essential


In an uncertain macroeconomic and financial environment, applying RegTech could make an important contribution to increasing .. profitability and efficiency .. while improving … effective compliance with financial regulation

Institute of International Finance, March 2016 “Regtech in Financial Services: Technology solutions for compliance and reporting”

Our value proposition

OpenAFSL is not a luxury for advice businesses; in a complex, highly regulated and frequently changing environment it is the foundation of an effective compliance, governance and risk management framework.

OpenAFSL is a system built by experts that can benefit everyone in your business. It's tried, tested and proven to provide significant benefits to its users. 

Beyond improving productivity, it provides reassurance and the tools, data and insights to help users better understand and better manage their businesses.

It's a complete compliance, governance and risk management solution for advice businesses and one that adapts to your business (rather than the other way around).

 

"[ASIC] therefore support the following initiatives that some ... licensees are reportedly implementing: 
(a) data analysis to help consolidate, manage and monitor risks at a licensee
and adviser level; 
(b) targeted risk-based methodologies for choosing files to review; 
(c) internal risk-classification methodologies for products on the approved
product list; 
(d) rigorous training and competency checks of new advisers; and
(e) clearly documented consequence frameworks applied strictly and
consistently when advisers are deemed to be non-compliant."