RSS feeds overview

A Really simple syndication (RSS) feed in Regulatory Change Management is like a subscription service for updates about new or changed rules and regulations. Instead of visiting multiple websites to check for updates, you can subscribe to feeds from regulatory bodies or industry news.

When a new regulation is published, it automatically appears in your feed, for example, getting notifications from a news app. This ability helps companies stay on top of important changes quickly and easily, ensuring they remain compliant with the latest rules.

Key benefits of RSS feeds

Automated updates

RSS feeds help compliance professionals monitor regulatory changes without manually checking multiple websites or sources.

Centralized information

By aggregating feeds from various regulatory bodies, companies can centralize all updates in one place, making it easier to track changes.

Timely alerts

Subscribing to relevant feeds ensures that stakeholders receive near real-time notifications of new regulations or amendments, which is critical for staying compliant.

Customization

Users can tailor their feeds to focus on specific regions, industries, or types of regulatory changes relevant to their operations.

RSS feed

A financial institution might subscribe to RSS feeds from regulatory bodies like the SEC, FINRA, or the European Central Bank. Updates from these feeds would inform the compliance team of new rules or guidelines affecting their operations. By leveraging RSS feeds, organizations can reduce the risk of missing critical updates and streamline their regulatory compliance processes.

Workflow to obtain RSS feeds

Establishing a robust connection to obtain your feeds requires you to perform the following actions:

1. Establishing the connection and credential aliases with the RSS feed sources.
2. Activating the RSS feed workflow.
3. Setting up feed sources.
4. Configuring the provider taxonomy.
5. Managing feed request responses

Note:

If you encounter issues while trying to obtain your RSS feeds, refer to General guidelines for RSS feeds.

The following image shows the workflow of RSS feeds are set up to ensure they pull the feed responses.

Figure 1. Workflow of setting up and pulling RSS feeds

• General guidelines for RSS feeds
  When an RSS feed isn't working, common errors or issues often stem from improper formatting, server issues, or misconfiguration. An RCM administrator can remediate some of the common errors that users may encounter.
• Regulatory taxonomy overview
  Regulatory taxonomy simplifies identifying necessary changes in a customer’s regulatory library by enabling algorithms to match incoming regulatory intelligence to existing content using taxonomy terms.