Learn how the DOJ’s 2020 guidance has influenced how regulated firms approach compliance in practice.
Learn how organizations can prove the effectiveness of their compliance programs.
Amanda Brief is the US Marketing Director at Clausematch. We recently sat down with Amanda to learn about her role at Clausematch.
Learn how organizations can adapt to new technologies and make compliance an integral part of their firms culture.
In an effort to develop a digital regulatory obligation detection solution, Clausematch recently participated in the LawTech Sandbox Pilot. Read on to learn more about the project.
With the influx of new regulation brought about by Covid-19, Regulatory Technology (RegTech) investment has risen to the top of regulated firms' agendas. Read on to learn how to convince your executive team to purchase RegTech.
Lara Astafyeva is the Financial Specialist at Clausematch. We recently sat down with Lara to learn about her role at Clausematch.
To get a better understanding of how the pandemic has impacted RegTech firms, Clausematch recently conducted its first ‘Voice of RegTech’ survey between May 2020 and May 2021. Read on to view the main takeaways from the report.
With a growing emphasis on accountability and systems of record, firms can no longer get by with a prescriptive approach. Learn how to make compliance an integral part of your firm's culture at every level.
Regulators across the globe increasingly expect firms to demonstrate they're making compliance an integral part of their decision-making processes. Learn how to establish a culture of compliance for your organization.
Emma Kempton is the VP of Account Management at Clausematch, located in the United Kingdom. We recently sat down with Emma to learn about her role at Clausematch.
How did organizations perform from a compliance standpoint in 2020 vs. 2008? We compiled a breakdown of misconduct fines since the financial crisis of 2008.
Learn why Word, Excel, and SharePoint are making your policy management problems worse instead of solving them.
If you want your organization to be more agile and resilient, it is critical to have well written, communicated, and enforced policies. Michael Rasmussen discuss why everything starts with policies. Read more
Jeff Weiss is the EVP of Sales at Clausematch, located in the United States. We recently sat down with Jeff to learn about his role at Clausematch and hear about the exciting growth of the US team.
Forced to adapt to a new normal or close shop indefinitely, regulated firms have invested heavily in regtech over the past 12 months. To the point where 70% of firms overall — and 81% of systemically important ones — report having become reliant on it.
Clearly, the way we do compliance needs to change — to borrow an often repeated 2020 catchphrase — now more than ever. And it all starts with having one, single, centralised policy portal for your whole organisation. Here's why this is crucial in 2021.
A strong compliance programme is critical to long-term success. But for it to be truly effective, there must be a commitment on both sides.
In our latest webinar, The future of compliance and policy management, Fenergo's global director of financial crime, Rachel Woolley, sat down with our founder and CEO, Evgeny Likhoded, and two other industry experts to discuss the biggest compliance challenges and opportunities that lie ahead.
How to ensure your policy portal becomes a golden source of truth
Personal accountability in financial services isn't a new concept. But the UK's Senior Management & Certification Regime (SMCR) is going to bring about sweeping changes to how it's done.
The policy should help define the controls in your business. These controls allow you to undertake self-assessments on a regular basis. Failure of controls, especially bad ones, can lead to regulator intervention. At best it leads to a flurry of internal activity to put things right. Often, but not always, it is a failure of control or the lack of one.
In part 1 of this series, we discussed the pitfalls of relying on desktop applications like Word and email to manage policy updates and communication. Now we explore the alternative.
There are some key focus areas that have been brought to the fore by the pandemic, especially communication surveillance has given recent announcements by the FCA on the subject of monitoring home working users as effectively as those in the office environment. Others continue to be a priority focus, including, AML/KYC, regulatory horizon scanning and Regulatory reporting.
Understanding the market is crucial. We evaluate existing products on the market and closely review best practices to ensure we exceed industry standards. We often speak with our clients and industry experts to deliver solutions that add value to our potential users. From this, we have come up with some important findings.
In our recent webinar, The future of compliance is digital, connected, and automated, our head of partnerships Anastasia Dokuchaeva sat down with governance, risk, and compliance expert Michael Rasmussen to discuss how to make a robust business case for tech adoption.
Here are the highlights from our latest webinar The future of compliance is digital, connected, and automated, our head of partnerships Anastasia Dokuchaeva sat down with governance, risk, and compliance expert Michael Rasmussen to discuss these and other burning questions about the future of compliance.
In an increasingly regulated world, this attachment to old technology has made things more time-consuming, costly, and challenging than they have to be. With Covid-19 normalising remote working — and making the need for smart, connected documents more pressing than ever — could we finally be ready for another quantum leap?
It's not compliance that's the issue, but how we do it. Or, to wrap up our analogy, the problem isn't that cars have brakes, it's that we use outdated methods to keep them in good nick.
Alongside "unprecedented" and "now more than ever", "the new normal" has been one of the most oft-repeated phrases throughout the Covid-19 pandemic. But what does this new normal actually look like for regulated businesses? How will it affect compliance and the way compliance teams do their jobs moving forward?
In this ever-changing environment, insurers — like many other businesses — have had to react quickly to government legislation, and have worked hard to establish new rules and etiquette for everyday social interaction. Close human contact has, however, always been at the heart of this historic industry, and fundamental to the negotiation process.
More recently, when the 2008 financial crisis shook public confidence in the banking system, governments around the world beefed up regulations and raised conduct standards. At the same time, tech startups rose to the occasion, positioning themselves as an alternative to traditional banking.
As with other majorly disruptive events, changes won’t just be short-term. Covid-19 will also have lasting effects. In a recent webinar — Compliance moving forward — we brought together a panel of experts to discuss the challenges and opportunities this will create for regulated businesses and the ever more important role of regtech in a post-pandemic world.
While compliance technology has advanced by leaps and bounds over the past few years, firms are yet to make the most of what's on offer. In 2019, tech was the top priority for 57% of compliance officers. But only 10% of firms are getting full value out of the tools they've invested in.
Clausematch was one of 10 companies selected to participate in the FinTech Innovation Lab NYC 2020. This 12-week program is managed by an amazing team led by Maria Gotsch, The Partnership Fund for New York City, along with John Cusano and David Treat, co-heads of the FinTech Innovation Lab, Accenture.
In just a few weeks, the novel coronavirus pandemic has turned people's daily lives upside down and had a profound influence on the way they work. Many firms now are asking themselves whether employees will be prepared to return to the kinds of working patterns they had before, once the pandemic is over.
Digital transformation has been on the insurance industry's agenda for years. But the Covid-19 crisis has arguably given it a newfound sense of urgency.
Remote working is a highly sought after perk. So much so, that 78% of employees report being willing to take a pay cut in exchange. Yet, many businesses have resisted it… until COVID-19 forced their hand.
Compliance post Covid-19
Compliance officers working from home are overwhelmed with queries from front-office staff who can no longer access the self-service tools they would normally rely on to navigate compliance questions.
Firms have found their policy management apparatuses, often critical to crisis management and communications, can be disorderly and outdated.
The world in 2020 is a phenomenal place. And it's all down to tech.
From the Bribery Act to GDPR, and recently the technology taxes proposed by certain European nations, there have been examples of bold proposals by regulators to solve persisting issues. This venture-type approach to regulation has its upsides
If you're a centuries-old organisation that's been following the same procedures for decades, day in day out, the process that turns actions into lasting habits is dialled up to 20.
The compliance sector, plagued for years by painfully manual processes is one such area where technology has started to play a transformative role.
Regulatory change programmes are proving more difficult to coordinate and execute in a distributed working environment, forcing firms to find better ways to work.