Compliance solutions provider Clausematch has forged a strategic partnership with Compliance Consultant, which provides compliance guidance primarily for financial institutions, with a focus on FCA compliance and authorisation. The alliance is aimed at helping clients strengthen current compliance strategies and best practices with advanced policy management and compliance automation solutions.
The two companies plan to help firms that lack the expertise to select the appropriate compliance solutions to meet their needs. According to Compliance Consultant, many SaaS products are expensive, challenging to use, or fail to address the underlying issue.
Compliance Consultant addresses this by offering non-exclusive and best suitable compliance procurement recommendations.
According to Lee Werrell, founder and principal, “At Compliance Consultant, we’re aware of the increasingly high importance of good governance, the adoption of best practices, technology and providing coherent strategies for our clients in the complicated and ever-changing world of financial regulation. And when it comes to financial regulatory compliance, you don’t simply need to be right – you have to record it in the right way. Clausematch’s platform capabilities such as the real-time collaborative editor, the compliance audit trail allows you to precisely evidence every beat of compliance in front of the regulators.”
Claudia Coutinho-De Somma, EMEA Account Executive at Clausematch, says: “We can provide the right tooling to alleviate the pain generally related to document management within a regulated firm, so we’re glad to have the staff at Compliance Consultant see and support the value we can offer, and make the right recommendations to their clients.”
The need for high-quality software for policy management and regulatory compliance is growing. With the FCA Consumer Duty on the horizon, MiCA coming in force in July 2023 and other crypto regulations looming, keeping up with regulatory obligations is becoming more and more challenging.
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