Front Office Trading & Sales require a streamlined process to introduce new products quickly and respond to client demand or shifting market opportunities. They need assurance that once a product is approved, it flows consistently across trading, booking, and client servicing systems without unnecessary delays.

As well, Risk Management & Compliance require every new product to undergo rigorous prelaunch review. They need a framework that captures all key characteristics, validates compliance with regulatory and internal policies, and sets clear controls for lifecycle monitoring.

Together, these requirements balance the front office’s need for speed and flexibility with risk and compliance’s mandate for control, transparency, and auditability.

The governance process is used to approve new products and manage their lifecycle in a controlled, auditable way. For the Front Office, it provides a reliable path to bring products to market quickly, ensuring approved offerings flow consistently into trading, booking, and client servicing systems.

For Risk Management & Compliance, it enforces structured review and mandatory approvals so no product launches without proper validation. The same framework governs all changes to terms, features, or documentation, ensuring modifications are logged, approved, and distributed consistently across the bank.

Standardized Product Request: New product requests are submitted using a structured template that captures essential details such as type, features, pricing terms, and supporting documentation.

Workflow-Driven Review: Requests move through an orchestrated workflow where risk assessments, regulatory checks, and policy validations are applied systematically.

Four-Eye Approval: Critical checkpoints require dual signoffs, ensuring accountability and preventing products from being launched without independent validation.

Central Repository: Once approved, the product record is securely stored in a central source of truth that governs classification and ensures auditability.

Enterprise Data Distribution: Approved product data is published across downstream systems via APIs, messaging, or file transfers, so trading, risk, and reporting use consistent information.

Monitoring & Dashboards: Teams can track approval timelines, active product counts, and lifecycle changes in real time, supporting both front office performance and governance oversight.