Peak Compliance Associates Limited: Redefining Financial Compliance
Alex Esson, Founder & Chief Executive OfficerNavigating the rapidly changing and highly regulated financial industry requires companies to overcome an array of complex regulatory requirements. On a mission to empower financial institutions to meet and feel confident in their compliance obligations, Peak Compliance Associates provides critical insights that support them to thrive in a heavily regulated environment.
“Ensuring that our clients receive the attention and expertise they deserve, we provide a quality and personalised service that we believe gives us a competitive edge” says Alex Esson, Founder and Chief Executive Officer of Peak Compliance Associates.
Peak Compliance Associate’s Services
Peak Compliance Associates helps financial institutions in Hong Kong and Singapore overcome the challenge of the complex and time-consuming licensing application process with its intuitive suite of services, and prowess at adapting to the intricate maze of financial regulations. Upon receiving their financial license, Peak Compliance Associates’ clients remain on the right side of regulation thanks to the ongoing compliance advice and support the firm provides, acting as their dedicated compliance advisor.
In addition to its licensing and compliance advisory and support services, Peak Compliance Associates also provides specialised compliance training courses both online and in-person to financial institutions to help their regulated employees meet their annual training obligations, as well as other unique ad-hoc compliance projects as they arise.
Overcoming Compliance Challenges
Recent challenges, such as compliance with ESG regulations and complexities surrounding cryptocurrency adoption, are some of the key factors that drive businesses to approach Peak Compliance Associates for assistance. Financial institutions seek valuable insights into understanding what regulators are saying, what needs to be done, and how to find a practical middle ground for achieving desired outcomes.
“As a consultancy, we believe it is fundamentally important for our clients to feel valued and in a safe pair of hands. To this end, we allocate additional resources to ensure our team of consultants are able to provide the service our clients deserve. In many cases, this means a lower client-to-consultant ratio, which enables deeper and more meaningful interactions and better outcome,” remarks Alex Esson.
A Successful Engagement
A noteworthy engagement which exemplifies Peak Compliance Associates’ impact is that of a startup which was seeking to accelerate its licensing process with the Hong Kong securities regulator to conduct institutional bond placement activities between mainland China and Hong Kong. While a standard licensing process can typically involve an 8-10 month period of answering hundreds of questions raised by the regulator, Peak Compliance Associates was able to secure the license in just 5 months with its efficient application submissions process and its provision of expert advice and guidance. As a result, the client was able to achieve operational status much more quickly.
Alex Esson explains “A financial institution is unable to commence business operations without obtaining the necessary licenses, which makes this aspect of a company’s journey critical to its success. A well-managed licensing process will result in faster approvals which allows the company to generate revenue from the provision of regulated services. Conversely, applications which are poorly managed will result in longer periods of time where the company is incurring costs and unable to generate revenue. We believe that our efficient licensing process is a significant value add.”
Successes like these showcase how Peak Compliance Associates can be an essential partner in delivering client success.
Looking to the Future
Today, as technology takes a more pronounced role in the global financial domain, many financial institutions are adopting specialised compliance-related software to manage their compliance obligations. Despite this growth overseas, non-banking financial institutions in Asia seem to be behind the curve in the adoption of these technologies. Peak Compliance Associates is currently looking towards bridging this gap by developing proprietary compliance software designed to make cutting-edge technology accessible to a broad spectrum of users in Asia and the world at large.
Standing out as a dedicated partner for financial institutions navigating the complexities of regulatory requirements in Hong Kong and Singapore, Peak Compliance Associates aims to continue using its personalised service, forward-thinking approach to technology, and proficiency in handling industry challenges to remain a trusted and indispensable resource in financial compliance across APAC and beyond.
A Successful Engagement
A noteworthy engagement which exemplifies Peak Compliance Associates’ impact is that of a startup which was seeking to accelerate its licensing process with the Hong Kong securities regulator to conduct institutional bond placement activities between mainland China and Hong Kong. While a standard licensing process can typically involve an 8-10 month period of answering hundreds of questions raised by the regulator, Peak Compliance Associates was able to secure the license in just 5 months with its efficient application submissions process and its provision of expert advice and guidance. As a result, the client was able to achieve operational status much more quickly.
Peak Compliance Associates provides a quality and personalised compliance service to financial institutions in Asia, ensuring that clients receive the attention and expertise they deserve
Alex Esson explains “A financial institution is unable to commence business operations without obtaining the necessary licenses, which makes this aspect of a company’s journey critical to its success. A well-managed licensing process will result in faster approvals which allows the company to generate revenue from the provision of regulated services. Conversely, applications which are poorly managed will result in longer periods of time where the company is incurring costs and unable to generate revenue. We believe that our efficient licensing process is a significant value add.”
Successes like these showcase how Peak Compliance Associates can be an essential partner in delivering client success.
Looking to the Future
Today, as technology takes a more pronounced role in the global financial domain, many financial institutions are adopting specialised compliance-related software to manage their compliance obligations. Despite this growth overseas, non-banking financial institutions in Asia seem to be behind the curve in the adoption of these technologies. Peak Compliance Associates is currently looking towards bridging this gap by developing proprietary compliance software designed to make cutting-edge technology accessible to a broad spectrum of users in Asia and the world at large.
Standing out as a dedicated partner for financial institutions navigating the complexities of regulatory requirements in Hong Kong and Singapore, Peak Compliance Associates aims to continue using its personalised service, forward-thinking approach to technology, and proficiency in handling industry challenges to remain a trusted and indispensable resource in financial compliance across APAC and beyond.
