Every compliance team faces hurdles, but the nature of those challenges can vary depending on the size of the firm, the regulatory environment and the resources available. At ComplyPortal, we wanted to better understand the issues keeping compliance professionals up at night.
So, we ran a quick poll asking: What is your biggest compliance challenge right now?
The results highlighted some familiar pain points that many firms continue to grapple with.
- Keeping Up with Regulatory Change
With frequent updates from the FCA and other regulators, staying on top of the latest requirements is an ongoing struggle. Firms often find themselves in “reactive mode,” making last-minute adjustments to policies, training and processes.
What helps: A centralised compliance platform can provide oversight and reminders, making it easier to track updates and adapt workflows as regulations evolve.
- Managing Data and Registers
Spreadsheets remain a common tool, but they often create version control issues, human error and a lack of visibility. Managing conflicts of interest, breaches, or gifts and hospitality through manual processes increases risk and drains resources.
What helps: Moving registers into a secure, automated platform reduces duplication, improves accuracy and provides audit trails for regulators.
- Demonstrating Oversight and Accountability
Under regimes like SMCR, the expectation on firms to prove accountability has never been higher. Senior managers and compliance officers alike need real-time visibility into tasks, risks and responsibilities.
What helps: Tools that track responsibilities, generate audit-ready reports and provide transparent oversight of compliance activities.
- Resource Constraints
Periods of annual leave, turnover, or limited staffing can put pressure on compliance teams, leading to delays or errors in monitoring and reporting.
What helps: Automated workflows and digital compliance tools that reduce reliance on manual tracking and provide continuity during staffing changes.
The Bigger Picture
While every firm has unique challenges, the poll results made one thing clear: compliance professionals are looking for smarter, simpler ways to reduce the manual burden while maintaining control.
That is exactly where ComplyPortal comes in, helping teams move beyond spreadsheets, streamline workflows and gain real-time oversight without adding complexity.
💡 What is your biggest compliance challenge right now?
Join the conversation and see how ComplyPortal can help turn obstacles into opportunities.
👉 Book a demo today
