Fintech & Payments
Automate safeguarding compliance, daily reconciliation, and regulatory reporting for payment institutions.
The Challenge
Safeguarding Requirements
Customer funds must be kept separate from company funds, checked daily, and any shortfall must be immediately addressed with audit-ready evidence.
Daily Reconciliation
End-of-day balance must match required safeguarding amount. Manual checks are time-consuming and error-prone.
Regulatory Scrutiny
FCA and PSR have increased scrutiny on payment institutions. Wind-down plans and customer refund procedures must be ready at all times.
How QRegu Helps
Safeguarding Monitor
QRegu tracks customer funds subject to safeguarding. Automatically calculates the required segregated amount and flags any discrepancies.
Daily Reconciliation
Compares end-of-day required amount vs actual balance. Shortfall alerts are triggered automatically with full audit trail.
Incident & Action Tracker
When shortfall is detected: alarm is raised, Finance gets correction task, Compliance gets assessment task, all evidence is collected automatically.
Wind-down Readiness
Customer refund plans are converted into task lists. Track completion status and identify gaps before regulators ask.
Example: Safeguarding Shortfall
Situation: Today's required safeguarding amount is £2,000,000. Actual balance in safeguarding account is £1,960,000.
- QRegu detects £40,000 shortfall
- Alert raised to Finance and Compliance
- Finance: Transfer funds to cover shortfall
- Compliance: Document root cause
- All actions logged with timestamps
- Audit-ready report generated
QRegu Modules for Payments
Safeguarding Monitor
Track customer funds, calculate required amounts
Daily Reconciliation
Required vs actual comparison, automated checks
Incident Tracker
Shortfall detection, alerts, task assignment
Evidence Vault
Reports, notes, proofs - all in one place
Wind-down Readiness
Customer refund plans, gap tracking
Obligation Workflow
Task distribution, deadlines, delay visibility