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Financial Tradeware partners with ComplySoft to facilitate easier enterprise wide compliance and risk management
Européenne de Gestion Privée / Financial Tradeware connectivity to enhance subscriber’s access to multiple legislations and policies
The financial industry is coming under ever greater regulatory scrutiny and the need for clear, transparent reporting, risk and compliance management continues to grow. The penalties for compliance failures extend beyond the financial – potential damage to an organisations reputation is equally important.
ComplySoft provides enterprise wide compliance and risk management solutions, enabling financial institutions and corporate entities to easily determine compliance exposure and to prioritise the relevant cost and reputational risks. The corporate legislation data is disseminated in a clause by clause format which can be readily utilised by software designed to easily assess the organisation’s risk of non-compliance.
The partnership with Financial Tradeware enables ComplySoft to distribute vast amounts of legislative data, as well as regular updates, communicating them to primary and secondary SWIFT users quickly, efficiently and at manageable levels. The service is made possible by Financial Tradeware’s sister company, Européenne de Gestion Privée (EGP) who are themselves a SWIFT member and able to reuse their SWIFT infrastructure to deliver ComplySoft data over the SWIFT network.
"We were looking for a cost effective and efficient method of bringing our data services to the SWIFT community. We were impressed by Financial Tradeware’s reputation in the industry and their proven existing partnerships. Together we enable financial institutions to significantly reduce the implementation time of ComplySoft products and compliance solutions. Our clients can be secure in the knowledge that the information is transmitted over the industry leading and highly secure SWIFT network," said Sharon Constancon, Managing Director of ComplySoft Ltd.
There is a clear need for organisations to be able to measure risk and quickly become compliant – without large overheads of time and cost. This service will provide immediate benefits, including faster time to compliance and clearer communication to the board.
"The ComplySoft relationship allows us to expand our capabilities across the SWIFT network, and provide increased value to clients. It once again underlines our business model that supports organisations that wish to make use of the SWIFT network. We are pleased to help the industry achieve greater compliance with financial regulations" said Graham Bright, Managing Director of Financial Tradeware.
ComplySoft provides Compliance and Risk Management Software and Services to companies across all industries and can enable a company to manage its compliance to legislation and internal policies in as little as a few hours or days. Working with some of the world’s leading banking, insurance and government organisations, ComplySoft engages with their clients to aid the adoption of a positive compliance culture, embedded enterprise wide, which results in lower costs and an increased competitive edge. ComplySoft is a management decision - solutions can be implemented instantly and simply without the need for costly IT investment – and Compliance and Risk Management Plans can be communicated clearly and simply to the board. ComplySoft is a service orientated company, whose philosophy is to provide solutions delivered with a human touch. For more information on ComplySoft, please visit www.complysoft.co.uk.
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