Kaplan has partnered with an Australian RegTech company to create a tool for advisers that detects “risky content” in marketing and client communications.
According to a recent statement, Kaplan Professional and Red Marker have been developing the Artemis solution, which is intended to help advisers and licensees identify and remediate compliance risks associated with the promotion of financial products or services.
The tool was created to flag risky content as it is being created across web pages, Microsoft Word documents, PDFs and client communications. Artemis also reviews proposed social media posts, the statement said.
Kaplan Professional chief executive Brian Knight said digital channels are important for advisers’ businesses.
“Unfortunately, recent research has suggested compliance fears and reputational risk are limiting its use amongst advisers. A large amount also believes there is a lack of adequate education, highlighting a serious knowledge gap when engaging clients online,” he said.
“Artemis not only minimises the risk of publishing misleading content, it actively educates advisers through real-time feedback, just-in-time learning interventions and professional development opportunities where necessary – I am confident it will help alleviate the perceived compliance fears and difficulty associated with digital and social media.”
Red Marker director Matt Symons said he is excited by Artemis’ potential.
“Three years of research and development has gone into Artemis and it continues to evolve with the feedback and support of our clients. We have been amazed by the willingness of the industry to work with us to develop Artemis to this point,” he said.
“All sorts of interesting opportunities start to open up once you figure out how to dynamically identify risky content as it is being produced.”
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 20 Sep 2018Independent advice will prosper but must be paid for: LovedayBy James Mitchell
- 21 Sep 2018Former ASFA policy advisor to boost FPA ranksBy Reporter
- 21 Sep 2018Aligned advisers in search of freedomBy Adrian Flores
- 20 Sep 2018Banned Perth adviser did not engage in dishonest conductBy James Mitchell
- 20 Sep 2018‘No advisers have been mistreated’: DalyBy James Mitchell
- 20 Sep 2018Beacon advisers held ‘ransom’ while IIOF money remains missingBy James Mitchell
- view all