Fourth Line partners with HiVRs to automate advice reviews
Source Of News
By David Travers, CEO, 3rd December 2020
Media Release
Fourth Line partners with HiVRs to automate advice reviews
Fourth Line, one of Australia’s leading RegTech risk management and compliance systems for financial advice, today announced it has partnered with HiVRs on the integration of Fourth Line’s comprehensive advice review system with HiVRs’ automated advice and compliance solution. HiVRs integrates into the Captegra AFSL compliance platform.
The partnership allows HiVRs’ users to access Fourth Line’s system and advice review service via an integrated workflow. This facilitates the efficient and effective review of advice documents on a pre or post advice basis, enabling advisers and licensees to demonstrate they have acted in clients’ best interests. In addition, remediation, training and analytics can be accessed to improve the ongoing quality of financial advice.
Fourth Line CEO David Travers said “We are very excited to provide our service in partnership with HiVRs through their fully integrated workflow solution. With HiVRs’ compliance workflow you can access Fourth Line’s services and have all of your audit results, data and reports passed back through an API to your CRM or BI platform. We look forward to working with Stephen and the HiVRs team to develop other solutions through the HiVRs ecosystem.”
HiVRs CEO Stephen Bell said “Integration with Fourth Line’s risk management and compliance system enables HiVRs to extend its compliance workflow solution to include a leading advice review service. We’re excited about the automation we bring to AFSL’s compliance processes and through the partnership with Fourth Line we can now extend the automation of advice document audits. Fourth Line’s system enables HiVRs’ clients to access audit reviews pre and post advice, plus for remediation or due diligence. Fourth Line and HiVRs are also working to extend the partnership by utilising the automation of audit results for extended solutions such as data analytics, training and remediation.”
About Fourth Line
Fourth Line is a rigorous bionic RegTech risk management and compliance system for advice practices, dealer groups and other wealth management participants. Fourth Line uses algorithmic approaches to simplify the complexity in advice reviews whilst maintaining human oversight, empowering compliance teams to coach and develop strong advice behaviors through data driven insights from advanced analytics for adviser, practice/dealer group and industry benchmark comparison whilst delivering centralised document storage and access to meet regulatory needs.
For information email: info@fourth-line.com.au
