Bankhall is rolling out its new business compliance software to its 800 directly authorised mortgage, wealth and protection client firms.  

The support services business says its Model Office-MO software allows retail intermediary advice firms to benchmark compliance work against relevant Financial Conduct Authority regulations, with an automated gap-analysis and audit reporting process.  

It adds that the software includes tracking functions that are in line with the Consumer Duty guidelines.  

Bankhall has worked with IT developer Model Office over the past year on bespoke software for advisers, which gives clients “access to enhanced audit functions more tailored to their specific needs”.    

Bankhall client relationship director Linda Preston-Todd says: “With the Financial Conduct Authority becoming increasingly data-driven, utilising this software enables advisers to meet their Consumer Duty requirements more easily, while staying on the front foot with other risks on the horizon, from data protection to financial crime.”  

Model Office founder Chris Davies adds: “The software will streamline audit data reporting, saving Bankhall and their client firms significant time and costs and increasing data quality and management information in real time.”