Toronto, ON, September 12, 2014 – The A3 Solution, a comprehensive value proposition for Financial Institutions, is officially launched today by LOGiQ3, expert providers of consulting, outsourcing and training services for financial institutions, life insurers, and reinsurers. In collaboration with Financial Institutions (FIs), brokerage firms and industry stakeholders across Canada, LOGiQ3 positions this solution as one that will transform and unite the Deposit Broker Industry.
Currently, Financial Institutions are solely responsible for effectively managing their contracted deposit brokers to ensure that they are meeting regulatory requirements and contractual obligations. This attestation to the professional and ethical business practices of said contracted brokers is essential and vital to the business. LOGiQ3 is pleased to introduce an improved and cost effective approach of attesting to and leveraging this information. The A3 Solution (Attestation, AML, Audit), a customized compliance solution for the Deposit Broker Client Name Distribution Channel.