Financial Services: Innovation Meets Regulation
The UK's financial services sector is a global leader—but it operates in one of the most heavily regulated environments in the world. As an IS-8 priority sector, it's critical to economic prosperity, but innovation is often constrained by compliance requirements.
How Blocks Enables Compliant Innovation
Compliance Pipeline Management
Blocks lets financial institutions configure regulatory workflows visually:
- Visual compliance workflow builder - Design KYC/AML processes without code
- Automated screening - Integrate with sanctions and PEP databases
- Real-time risk scoring - ML-powered assessment at every stage
- Complete audit trails - Ready for regulatory examination
Risk Management
AI-powered tools help risk teams:
- Monitor portfolios in real-time
- Detect anomalies and potential fraud
- Run stress tests and scenario analyses
- Generate regulatory reports automatically
Customer Experience
While maintaining compliance, Blocks enables:
- Modern digital banking interfaces
- Self-service customer portals
- Automated onboarding journeys
- Personalised product recommendations
Results for Financial Institutions
A UK bank using Blocks achieved:
- 60% reduction in compliance processing time
- 40% improvement in customer onboarding speed
- Significant decrease in false positive alerts
Supporting Financial Services Growth
The UK Government's support for financial services recognises the sector's importance. Blocks helps by:
- Reducing compliance costs through automation
- Enabling innovation within regulatory boundaries
- Improving customer experience without compromising security
- Supporting fintech growth with enterprise-grade infrastructure