{"id":5079,"date":"2026-03-27T10:13:48","date_gmt":"2026-03-27T08:13:48","guid":{"rendered":"https:\/\/relycomply.com\/?p=5079"},"modified":"2026-04-28T08:39:43","modified_gmt":"2026-04-28T06:39:43","slug":"building-societies-association-partnership","status":"publish","type":"post","link":"https:\/\/relycomply.com\/en-gb\/building-societies-association-partnership\/","title":{"rendered":"RelyComply joins the Building Societies Association to strengthen the fight against financial crime"},"content":{"rendered":"\n<p>RelyComply is pleased to announce its official membership with the <strong><a href=\"https:\/\/www.bsa.org.uk\/\" target=\"_blank\" rel=\"noreferrer noopener\">Building Societies Associati<\/a><\/strong><a href=\"https:\/\/www.bsa.org.uk\/\" target=\"_blank\" rel=\"noopener\"><strong>on (BSA)<\/strong><\/a><strong>, <\/strong>a leading UK trade body representing building societies and large credit unions.<\/p>\n\n\n\n<p>The membership strengthens RelyComply\u2019s engagement with the UK mutual sector, while contributing specialist AML and financial crime expertise to initiatives supporting member-owned institutions navigating evolving regulatory expectations.<\/p>\n\n\n\n<p>Through the membership, RelyComply hopes to support building societies in managing financial crime risk in a way that reflects their unique operating model &#8211; balancing robust compliance requirements with the need to maintain trust, accessibility, and strong member relationships.<\/p>\n\n\n\n<figure class=\"wp-block-pullquote\"><blockquote><p><em>Building societies are the backbone of trust in the UK financial system<\/em>. O<em>ur partnership with the BSA is about giving these institutions the technological &#8216;teeth&#8217; to fight fraud and money laundering efficiently. By moving away from fragmented legacy systems toward a methodical, AI-driven approach, we are helping the sector build a more resilient and transparent financial ecosystem for its customers.<\/em><\/p><cite>Bradley Elliott, CEO of RelyComply<\/cite><\/blockquote><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The membership: Strengthening the mutual sector<\/strong><\/h2>\n\n\n\n<p>Building societies operate within a distinct financial services model, characterised by member ownership, community focus, and long-term customer relationships.<\/p>\n\n\n\n<p>The Building Societies Association plays a central role in representing the interests of mutual organisations, facilitating engagement with regulators, and supporting members in responding to regulatory developments including AML, fraud prevention, and financial crime risk management.<\/p>\n\n\n\n<p>For RelyComply, the membership with the BSA provides direct insight into the operational realities, risk priorities, and regulatory pressures facing mutual institutions &#8211; ensuring our technology remains aligned with the needs of building societies rather than designed solely for traditional banking models.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Building Societies Association brings<\/strong>:<\/h2>\n\n\n\n<p>Through this membership, Building Societies Association provides structured engagement with the mutual sector and the regulatory conversations shaping financial crime compliance expectations:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Access to a network of UK building societies and credit unions operating within a member-owned governance structure<\/li>\n\n\n\n<li>Insight into regulatory priorities impacting the mutual sector, including <strong><a href=\"https:\/\/www.fca.org.uk\" target=\"_blank\" rel=\"noreferrer noopener\">FCA<\/a> <\/strong>and <strong><a href=\"https:\/\/www.jmlsg.org.uk\/guidance\/current-guidance\/\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/www.jmlsg.org.uk\/guidance\/current-guidance\/\" rel=\"noreferrer noopener\">JMLSG<\/a><\/strong> financial crime guidance<\/li>\n\n\n\n<li>Opportunities to contribute technical perspectives to sector discussions on AML, KYC, and fraud prevention<\/li>\n\n\n\n<li>Collaboration opportunities through specialist groups focused on financial crime, compliance, and risk<\/li>\n\n\n\n<li>Participation in dialogue shaping practical approaches to financial crime controls for community-focused institutions<\/li>\n<\/ul>\n\n\n\n<p>As part of their ecosystem, RelyComply hopes to bring practical, implementation-focused expertise to support building societies in strengthening their financial crime frameworks:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Expertise in lifecycle-aware AML approaches supporting <strong><a href=\"https:\/\/relycomply.com\/en-gb\/kyc-and-kyb\/\">onboarding<\/a><\/strong>, <strong><a href=\"https:\/\/relycomply.com\/en-gb\/aml-transaction-monitoring\/\">transaction monitoring<\/a><\/strong>, and ongoing customer risk management<\/li>\n\n\n\n<li>Experience supporting regulated financial institutions implementing risk-based compliance frameworks aligned with FCA and JMLSG expectations<\/li>\n\n\n\n<li>Insight into how mutual organisations can modernise financial crime controls without disrupting trusted member relationships<\/li>\n\n\n\n<li>Technical perspective on <strong><a href=\"https:\/\/relycomply.com\/en-gb\/aml-artificial-intelligence\/\">AI-enabled monitoring<\/a><\/strong> approaches designed to adapt to evolving fraud and money laundering typologies<\/li>\n\n\n\n<li>Contribution to industry dialogue focused on strengthening financial crime resilience across the mutual sector<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Demonstrating collaboration in practice<\/strong><\/h2>\n\n\n\n<p>As part of its engagement with the Building Societies Association, RelyComply has already contributed to industry dialogue through expert-led discussion focused on the role of AI in strengthening the mutual sector.<\/p>\n\n\n\n<p>In January, RelyComply participated in the BSA <strong><a href=\"https:\/\/www.onebanx.com\" target=\"_blank\" rel=\"noreferrer noopener\">OneBanx<\/a><\/strong> event:<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Mutual intelligence: How AI can strengthen purpose, people and performance<\/strong><\/h4>\n\n\n\n<p>The session explored how AI can support mutual organisations in balancing innovation with trust, strengthening operational efficiency while maintaining strong member relationships.<\/p>\n\n\n\n<p>RelyComply will also participate in the upcoming Building Societies Annual Conference 2026, taking place on 28\u201329 April in Edinburgh.<\/p>\n\n\n\n<p>The conference is the flagship event for the UK mutual sector, bringing together senior decision-makers from building societies, credit unions, regulators, professional services firms, and technology providers. With over 1,200 delegates attending in previous years, the event provides a key forum for discussion on regulatory developments, operational priorities, and emerging risks impacting the sector.<\/p>\n\n\n\n<p>RelyComply\u2019s participation reflects its commitment to supporting the mutual sector through knowledge-sharing, dialogue, and collaboration on approaches to managing financial crime risk in an evolving regulatory environment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Looking ahead<\/strong><\/h2>\n\n\n\n<p>RelyComply looks forward to contributing to Building Societies Association initiatives, sharing insight with industry stakeholders, and supporting dialogue on financial crime challenges affecting building societies and credit unions.<\/p>\n\n\n\n<p>As financial crime risks evolve, collaboration between sector bodies and technology providers plays an important role in ensuring compliance approaches remain aligned with the operational realities of mutual financial institutions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RelyComply has partnered with the Building Societies Association (BSA) to strengthen AML and financial crime resilience across the UK mutual sector, combining sector expertise with end-to-end compliance capabilities.<\/p>\n","protected":false},"author":13,"featured_media":5081,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[53],"tags":[],"class_list":["post-5079","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized-en-gb"],"acf":[],"_links":{"self":[{"href":"https:\/\/relycomply.com\/en-gb\/wp-json\/wp\/v2\/posts\/5079","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relycomply.com\/en-gb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relycomply.com\/en-gb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relycomply.com\/en-gb\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/relycomply.com\/en-gb\/wp-json\/wp\/v2\/comments?post=5079"}],"version-history":[{"count":13,"href":"https:\/\/relycomply.com\/en-gb\/wp-json\/wp\/v2\/posts\/5079\/revisions"}],"predecessor-version":[{"id":5181,"href":"https:\/\/relycomply.com\/en-gb\/wp-json\/wp\/v2\/posts\/5079\/revisions\/5181"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relycomply.com\/en-gb\/wp-json\/wp\/v2\/media\/5081"}],"wp:attachment":[{"href":"https:\/\/relycomply.com\/en-gb\/wp-json\/wp\/v2\/media?parent=5079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relycomply.com\/en-gb\/wp-json\/wp\/v2\/categories?post=5079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relycomply.com\/en-gb\/wp-json\/wp\/v2\/tags?post=5079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}