PADA

Personal Account Dealings Automation Tool - Easy supervision of employee transactions

Automated processing of duplicates

Your challenge regarding the processing of duplicates

Supervision of employee transactions

Banks and asset managers are required to review the securities transactions of certain employees for legality with regard to insider trading prohibitions and market abuse regulations. For this purpose, employees often choose a duplicates procedure. In this procedure, the custodian bank or broker sends a duplicate of all securities receipts to the compliance department of the bank or asset manager where the respective person is employed. Upon receipt of the duplicate, the bank or asset manager - on the basis of the information contained in the duplicate - carries out the prescribed checks on employee transactions.


Manual process

The process for monitoring employee transactions by the compliance department is currently mostly a manual process. The information relevant for the monitoring of employee transactions is often typed manually from the duplicates received directly into the existing compliance tool to assess the legality of the transactions. The manual entry can have the following negative effects on the bank or asset manager:

  1. Repetitive and time-consuming process ties up valuable resources
  2. Increased error rate during manual entry impairs data quality
  3. Media break between physical documents and digital compliance tool results in increased administration and archiving effort


More efficient design necessary

By integrating a digital solution, the effort of manual typing including physical archiving can be significantly reduced, thus streamlining the entire process of monitoring employee transactions

Our solution - Increased efficiency through automated read out of securities receipts

PwC has developed the Personal Account Dealings Automation (PADA) Tool that digitally reads duplicates of securities documents and can automatically import the extracted information into existing compliance tools of banks or asset managers. The process of manually reading duplicates is thus automated, making it much easier to monitor employee transactions. The automation results in the following added value for the bank or asset manager:

syncAutomation

Automation of the readout process of duplicates and the import of information relevant for monitoring employee transactions into the existing compliance tool ensure increased data quality by reducing errors.

trending_upIncreased efficiency

Savings or redistribution of resources possible through a significant increase in efficiency in the readout process, the archiving of duplicates and reduced administrative effort through digital storage of duplicates (GDPR-compliant deletion taken into account)

perm_data_settingSet-up

Easy implementation and installation of the tool in the IT landscape and connection to existing systems (e.g. compliance tool) via API interface

helpSupport

Ongoing maintenance of the tool and further increase in efficiency through continuous improvement of the readout quality in addition to the use of economies of scale

Digitize the supervision of employee transactions

The advantages of the document analysis tool at a glance

attach_moneyCost savings of the compliance department
data_usageIncreased data collection quality
peopleEasy use due to a user friendly front-end
computerDigitized storage of receipts
thumb_upSavings / reallocation of resources
settings_input_componentEasy connection of the tool to the bank's IT

Pricing

The prices depend on the previously determined contract duration and are to be understood excluding sales tax. Please contact us regarding different contract durations and the costs for implementation.

Contract duration of 1 year
Receipts/YearPrice/Receipt
0 to 5.000€ 2.49
5.001 to 10.000€ 2.39
10.001 to 20.000€ 2.29
20.001 to 30.000€ 2.19
30.000+€ 2.09


 


Contract duration of 3 years
Receipts/YearPrice/Receipt
0 to 5.000€ 2.29
5.001 to 10.000€ 2.19
10.001 to 20.000€ 2.09
20.001 to 30.000€ 1.99
30.000+€ 1.89


 


Contract duration of 5 years
Receipts/YearPrice/Receipt
0 to 5.000€ 2.09
5.001 to 10.000€ 1.99
10.001 to 20.000€ 1.89
20.001 to 30.000€ 1.79
30.000+€ 1.69


 


Be part of the compliance of the future

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