Half of all mortgage brokers are failing to recognise the potential of technology as an effective way of keeping records and producing audit trails according to recent research from BM Solutions.
The BM Solutions One Specialist IT Index reveals while brokers recognise technology can deliver benefits to aid compliance, only 49% of brokers cite audit trails and record keeping as a benefit of technology when conducting compliant business. But, more than two thirds believe the speed technology delivers assists them in the regulated world. Furthermore, 60% of brokers surveyed believe technology allows them access to more information helping them to conduct compliant business. The findings come in the wake of the Financial Services Authority (FSA) citing incomplete record keeping as...
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