Meeting compliance in the financial sector has become increasingly complex, especially with the shift toward remote work. VirtuSpect, a leading provider of intelligent inspection management solutions, is addressing this challenge with its Virtual Secure Office for FINRA (VSO-FINRA). Designed to help financial institutions streamline compliance with FINRA regulations, VSO-FINRA is more than just a platform — it’s a way to embrace efficiency, save costs, and adapt to the future of work.
The VSO platform streamlines virtual inspection for residential supervisory locations (non-branch) and office of supervisory jurisdictional (branch) locations as specified by FINRA Rule 3110.18. VSO enables FINRA branch and non-branch compliance virtually, leveraging policy, procedure, risk assessment, and documentation templates developed by eDelta, a New York-based assurance and advisory service firm for financial institutions. Virtual inspections are completed through an intuitive mobile app, combining secure image and video uploads with conditional logic to validate adherence to compliance requirements.
The cloud-based VSO platform integrates seamlessly with compliance software and automates workflows such as scheduling, notifications, and escalation. Each inspection includes authenticated images, geolocation verification, and encrypted data storage for audit readiness. Inspections take as little as 10 minutes, saving significant time and costs per employee.
“The VSO platform is an essential tool for financial institutions that rely on work-from-home staff that eliminates the need for costly on-site inspectors,” said Tim Harris, Chief Executive Officer of VirtuSpect. “Our platform enables, simplifies, and expedites regulatory adherence, but also supports remote work flexibility, giving our clients the ability to improve employee satisfaction while reducing real estate costs.”
“With FINRA’s post-Covid rule changes and guidance for virtual inspections, institutions have a great opportunity to assure compliance via reliable and efficient remote inspections, eliminating delays and significant travel costs,” said Jon Bosco, Managing Partner of eDelta. “VSO offers a unique opportunity to virtually assess FINRA compliance through demonstrating required supervision. We are excited to provide the FINRA compliance templates to complement this initiative.”
The financial industry is navigating a rapidly evolving landscape, and solutions like VirtuSpect’s VSO-FINRA are proving that innovation can simplify even the most intricate compliance processes. By integrating virtual inspections into their operations, institutions can not only stay audit-ready but also support flexible, remote work environments. For more information about VSO-FINRA and VirtuSpect’s full portfolio of advanced inspection services, visit its website.
Spencer Hulse is the Editorial Director at Grit Daily. He is responsible for overseeing other editors and writers, day-to-day operations, and covering breaking news.
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