About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Clausematch Reaches 90,000-User Milestone at Early Adopter Barclays

Subscribe to our newsletter

Barclays has completed the rollout of Clausematch’s Policy Portal across the bank, reaching almost 90,000 employees globally, having adopted Clausematch as part of its inaugural Barclays Accelerator programme in 2014. The use-case may be seen as a benchmark for RegTech adoption, as many early-stage innovators struggle to gain a foothold at large enterprises like Barclays.

The Clausematch platform can be used to automate to policy management, regulatory change management, and organisational governance. Regulators can also use Clausematch to manage, publish, and update regulations in a digital form.

Barclays initially embedded Clausematch technology within its Compliance function, laying the groundwork for Policy Hub, one of Barclays’ first cloud-based technology implementations. According to Richard Thompson, Barclays UK Head of Digital Product Development, who formerly led the Barclays Accelerator, “Back in 2014, Clausematch was a smart and promising small company of just six people looking for the right product-market fit. We knew that their ideas chimed with Barclays’ digitisation goals and that they’d be able to benefit from the experience and mentoring of our business teams.” Clausematch now employs 60 people.

Policy Hub has since become Barclays’ new Policy Portal, a fully digitalised central point of reference for all Barclays Group policies and standards. Policy Portal introduces simplified workflows, saving up to 25% in time and resources on creating, reviewing, approving, and publishing policies. The Clausematch’s platform supports Barclays’ efforts to further its digital transformation and make financial and ESG compliance more effective. By streamlining the process of updating policies, frameworks, and controls, new systems and ways of working can be introduced more quickly and with less scope for disruption or human error.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to apply innovative e-comms surveillance whilst ensuring control, compliance and enhanced productivity

Remember the days when email was the predominant media for electronic communications within and among financial institutions? Fast forward to today, and email represents a declining fraction of these e-comms, many of which are hosted by modern collaborative platforms such as Microsoft Teams, Webex, Slack, and Zoom, and all of which are subject to surveillance....

BLOG

ESG is Magnifying Data Management Challenges

Data management strategies necessarily have to change with markets, with trading trends, with technology and with a host of other inputs that inform the ever-changing financial landscape. Without effective management, data is useless. If it can’t be accessed, if it isn’t clean, if it is out of date or if it can’t be found then...

EVENT

Data Management Summit London

Now in its 13th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...