What is Regchain?
Regchain is an ongoing residential loanbook Risk Review tool that assists Financial Institutions in complying with and reporting to regulatory bodies like APRA and ASIC in Australia.
How does it work?
The Regchain system assists FI’s with regulatory compliance requirements administered by the Australian Prudential and Regulatory Authority (APRA) and the Australia Securities and Investment Commission (ASIC). The Regchain application uses the unique technical capabilities of the Homechain platform to activate ongoing and updated data analysis of relevant credit information about a borrower or asset.
The Regchain application allows real time and regular reviews of home loan portfolios or individual loans and performs comparison analysis on the data to identify and report on any variances, providing alerts when variances move beyond the FI’s risk margins. This system enables FI’s to actively engage with their clients earlier, manage their risk portfolio or even consider applying risk based pricing models.