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The Game-Changer in CoFI Compliance: Why Dacreed is Essential for New Zealand's Financial Services Industry

By Jade Couper
Published in Blog
August 31, 2023
2 min read
The Game-Changer in CoFI Compliance: Why Dacreed is Essential for New Zealand's Financial Services Industry

In a rapidly evolving financial landscape, compliance with the Conduct of Financial Institutions (CoFI) regulations has never been more crucial. Financial advisers in New Zealand are facing mounting pressure to ensure they’re not just ticking the regulatory boxes but truly serving the best interests of their clients.

A Shift in Compliance and Consumer Fairness

The goal of CoFI is clear: it wants financial advisers to treat their customers fairly. This means companies need to have strong systems in place to spot and fix any problems with how they conduct business. Because the FMA is always keeping an eye on things, it’s really important for businesses to be up-to-date, open and honest in their dealings.

Dacreed: The Turnkey Solution for CoFI Compliance

Enter Dacreed, the all-in-one compliance and professional development platform, engineered to make CoFI compliance as seamless as possible. With Dacreed, the financial services industry now has a tool that simplifies, streamlines and revolutionises the way compliance is managed.

View of Dacreed's Reports Page

A Fresh Take on Professional Development

Dacreed’s unique value lies in its capability to blend professional development with compliance recording, offering an adaptive framework that evolves with the ever-changing needs of the industry. It’s not just about ticking off CPD units but creating an environment for teams to excel within CoFI guidelines.

Affordable and No Fuss?

Given the economic landscape, any solution that promises to cut costs while boosting efficiency is a welcome addition. Dacreed achieves precisely that by automating processes and minimising administrative burden. The platform acts as a vigilant compliance officer, offering real-time updates and alerts, allowing for the proactive management of CPD units.

More Than Just Checklists

With Dacreed, it’s not just about ticking boxes. Dacreed is a sophisticated platform that provides data-rich insights into individual and team performance. The platform ensures that all CPD is logged in a way that not only meets but exceeds FMA expectations.

The No-Brainer Choice for CoFI Compliance

In short, Dacreed’s the way forward if you want to make CoFI compliance a breeze. Say goodbye to multiple training modes, endless paperwork, or spiralling compliance costs. Dacreed unifies all these elements into a single, user-friendly platform that Kiwi firms will quickly think of as a necessary part of their toolkit.

For any institution that’s serious about compliance and eager to put consumer fairness at the core of its mission, adopting Dacreed is a no-brainer.

Interested in learning how Dacreed can streamline your CoFI compliance process? Reach out to us today to find out more and book a demo.

With Dacreed, New Zealand’s financial services industry can finally experience what it’s like to have compliance transformed into a simple, transparent, and cost-effective process. This is one development you won’t want to miss out on.


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