Who we help
Insurance
Conect™ can help an insurance company manage its supply chain more efficiently by providing oversight of all aspects of the supply chain. This can include vendor management, claims management, compliance management, and risk management.
Vendor management involves monitoring vendor performance, tracking deliveries, and managing contracts and agreements. Claims management involves tracking claims from start to finish, including documentation, communication with customers, and processing of payments.
Compliance management ensures compliance with regulations such as Solvency II Directive, ICOBS, and the Insurance Distribution Directive. Risk management involves identifying and managing risks associated with the supply chain by tracking key performance indicators (KPIs) related to vendor performance, claims processing, and compliance.
By using Conect™, an insurance company can improve its operational efficiency, comply with regulations, and mitigate risks associated with the supply chain. This can ultimately improve the company's financial performance and reputation.
Banking
Conect™ can help banks streamline their operations by providing comprehensive oversight and management of their vendor relationships, compliance requirements, and risk factors. It enables banks to effectively manage third-party service providers that offer technology, data services, and financial products. By using Conect™, banks can monitor vendor performance, track service delivery, and ensure adherence to key performance indicators (KPIs) that affect operational efficiency.
Conect™ also supports regulatory compliance, helping banks comply with regulations such as Basel III, PSD2, and anti-money laundering (AML) laws through automated monitoring and reporting tools. This helps banks avoid regulatory fines and reputational damage while maintaining the privacy and security of customer data.
Additionally, Conect™ can enhance risk management processes by tracking risks associated with vendor performance, fraud detection, and data breaches. Banks can mitigate these risks more effectively with real-time visibility and alerts, allowing for quick responses to emerging issues.
By integrating Conect™, banks can optimise their vendor management, improve compliance, reduce operational risks, and ultimately provide better service to their customers.
B2B
For retail and distribution firms, Conect™ can help manage inventory, automate manual processes, and improve collaboration between retailers, distributors, and suppliers.
Local and national governments can use Conect™ to better manage procurement, improve collaboration between departments, identify cost-saving opportunities, and respond more quickly to emergencies.
Defence and Security organisations can benefit from Conect's real-time visibility, improved collaboration, and risk mitigation capabilities to ensure readiness and mission success. Infrastructure organisations can optimise procurement processes, track inventory, streamline supply chain operations, and enhance project timelines using Conect™.
Overall, Conect™ can help organisations reduce costs, improve efficiency, and better serve their stakeholders.
Fintech
Conect™ can help a fintech company to manage its supply chain, which includes third-party service providers that offer a range of services, such as technology solutions, data providers, and support services.
Conect™ provides a centralised platform for managing these third-party vendors and their products, tracking delivery and performance metrics, and identifying potential risks and issues. This helps fintech companies optimise their operations, streamline vendor management, and reduce costs associated with vendor relationships.
In addition, Conect™ can help fintech companies comply with regulations such as GDPR, PSD2, and AML laws by providing automated compliance monitoring and reporting tools. This helps fintech companies avoid penalties and fines associated with non-compliance while ensuring that customers' privacy and data protection rights are respected.
Furthermore, Conect™ can help fintech companies to manage their platform and services, such as digital wallets, peer-to-peer payments, and digital currencies. The application can help to monitor and track the performance of these services, as well as provide alerts and notifications when changes occur. This allows fintech companies to make more informed decisions and respond quickly to market changes.
Overall, Conect™ provides a fintech company with effective vendor management tools, regulatory compliance, risk mitigation capabilities, and service management tools. It helps fintech companies optimise their operations, streamline their vendor management process, and ultimately deliver better value to their customers.
