Clausematch, a RegTech company offering solutions for compliance, has partnered Várri Consultancy to make compliance automation software available for small and medium enterprises in the Middle East and North Africa (MENA) region. Headquartered in Dubai, Várri provides strategy consulting, as well as risk and governance advisory services.
This is London-based Clausematch’s first partnership in the region, although it has been collaborating with the Abu Dhabi Global Market’s (ADGM) Financial Services Regulatory Authority (FSRA) to produce an open source digital regulatory knowledge graph. The knowledge graph offers digitised rules for the use of decision automation systems, allowing financial institutions to gain a deeper contextual understanding of applicable legislation and apply requirements more effectively and efficiently.
Commenting on the partnership, Johnny Kollin, founder and managing director of Várri Consultancy, says: “Organisations are finding it difficult to stay updated on the constant stream of regulatory changes. Companies’ policies and procedures meant to address this issue often lack linkage to the regulatory environment and real risks. Clausematch allows companies to manage the policy lifecycle, link internal policies with external regulations, and demonstrate compliance to stakeholders.”
Claudia Coutinho-De Somma, EMEA account executive at Clausematch, adds: “Várri Consultancy has significant knowledge and experience with regulated entities in the UAE. It fits Clausematch’s mission of providing highly regulated businesses with best-in-class SaaS compliance solutions.”
Clausematch joins key RegTech players in the MENA region including Dublin headquartered Fenergo, Swiss RegTech Qumram, and Cairo-based Digified.
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