virtual net and oracle corp develop online tools that aim to reduce the administrative burden compliance issues place on intermediaries
Online IFA network Virtual Net and US-listed Oracle Corp have developed technology tools designed to assist intermediaries with current and future compliance issues. Virtual Net has released a new business management tool which enables each piece of business to be checked for compliance as it is entered, which could help advisers reduce the cost of PI cover and the time spent manually checking compliance. Using the Virtual Net system, new business is inputted via the internet, enabling immediate real-time checking of compliance details, with instant feedback. All new business submiss...
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