About Spectra

Spectra is an agency broker with a primary focus on institutional clients and banks. With offices in London and New York, Spectra is dedicated to providing seamless services while ensuring compliance with regulatory standards across its operations.

THE CHALLENGE

Reducing Manual Processes and Enhancing Compliance

Spectra faced a significant challenge in managing its manual processes, particularly in onboarding and compliance obligations. As Martin Pett, a Compliance Officer from Spectra, explains

“We have a lot of manual processes, including our onboarding. We saw Leo as a tool to help with our onboarding process alongside assisting with our compliance obligations.”

With the need to streamline workflows and centralise data, Spectra sought a robust RegTech solution to modernise its operations and ensure ongoing compliance.

THE SOLUTION

A Comprehensive RegTech Platform

Leo RegTech provided Spectra with the tools needed to transform their processes. By integrating onboarding, registers, and reporting into a single platform, Leo allowed Spectra to reduce manual work and improve efficiency.

Martin highlights the impact of these features:

“The report generator saves us significant time, and the system supports our compliance monitoring by producing sufficient data without the need for additional input.”

The onboarding process itself was seamless.

“Steve and the team spent a lot of time understanding our needs, developing a very good set of modules for seamless transition onto the platform,” Martin shares.

Leo’s bespoke module customisation ensured that Spectra’s specific requirements were met effectively.

THE BENEFITS

Time Savings and Improved Compliance

Spectra has seen tangible benefits since adopting Leo. The report generator has significantly reduced time spent on manual reporting tasks, while the platform’s compliance support has strengthened oversight and monitoring.

Martin states,

“Leo supports us to ensure we are compliant with our compliance monitoring, reduces manual work, and produces sufficient data without the need for additional input.”

Ease of Use and Future-Ready Features

Leo’s user-friendly interface and intuitive updates have been another highlight for Spectra.

“The system is simple to use, and all updates are user-friendly and easy to navigate,” Martin notes.

Looking ahead, Spectra is eager to leverage Leo’s upcoming AI features to further enhance operations.

Bespoke Modules and Expert Support

Spectra has taken advantage of Leo’s ability to customise modules and registers.

“Steve supported the customisation of our initial modules during onboarding, taking the time to explain how they were created and how to set up rules,” says Martin.

Since then, Spectra has created bespoke modules independently and plans to expand further in 2025.

Throughout the partnership, Leo’s support team has been a dependable resource.

“Any issues we face or questions regarding the platform, we have always been able to rely on the team to support and respond with details,” Martin shares.

Staying Informed with Sector Updates

Beyond the platform itself, Spectra values Leo’s regular newsletters, which provide updates on the platform and industry news, ensuring they remain informed about the latest regulatory developments.

A Trusted Compliance Partner

Through its partnership with Leo RegTech, Spectra has transformed its approach to onboarding and compliance. By reducing manual processes, enhancing oversight, and leveraging bespoke solutions, Spectra is well-positioned to navigate the complexities of regulatory compliance efficiently and confidently.

Martin concludes,

“Leo has been a valuable tool for streamlining our operations and ensuring compliance. We are excited to continue working with Leo and look forward to using the new AI feature to further enhance our processes.”