Who we help
Insurance
Albany Group delivers Conect, a ready-to-go workbench for Delegated Authority, supplier oversight, third party risk management, and audit and assurance. We help London Market insurers and their partners run controlled, efficient and transparent operations across complex delegated and outsourced environments.
We operate at the point where regulation, operations and delivery meet. Conect is designed for the realities of the London Market. High transaction volumes. Multiple counterparties. Increasing regulatory and audit scrutiny. The platform provides a single place to manage oversight, evidence, workflow and reporting across delegated authority arrangements, suppliers and service providers. This is not a conceptual solution. It is a live workbench used by operational teams every day.
We work with Lloyd’s Managing Agents, London Market insurers, MGAs, coverholders, claims administrators, Legal firms and third party suppliers across the specialty insurance ecosystem. Our work supports organisations aligned to London Market standards and initiatives, including Lloyd’s of London. In practice, this means working directly with delegated authority, compliance, claims, vendor management and transformation teams to replace fragmented processes with a consistent operating model.
Conect provides a single operational framework for onboarding, ongoing oversight, audit and assurance. It creates structured, living records for delegates and suppliers, supports risk-based assessments and audits, captures and manages evidence, tracks actions and remediation, and delivers continuous visibility of performance and control. Everything is centralised, auditable and reportable. Periodic, manual review is replaced with continuous operational oversight, giving firms a clear and current view of risk, dependencies and performance across their extended enterprise.
Our approach is partnership led and commercially grounded. We start by understanding how your operation actually works, then configure Conect to fit your operating model, not the other way around. Clients work with Albany because we reduce operational friction, replace manual activity with structured systems, and help teams demonstrate control in practice. Most importantly, we get solutions live and embedded into day-to-day operations.
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.
