About a-team Marketing Services

A-Team Insight Blogs

MCO Closes Acquisition of Schwab Compliance Technologies for Conduct Risk

Subscribe to our newsletter

Dublin-based conduct risk and compliance technology specialist MCO (MyComplianceOffice) has completed its acquisition of Schwab Compliance Technologies (SCT). The purchase – for an undisclosed sum – adds the ability to monitor employees’ trading activities to MCO’s product line and brings its client base to more than 1,300 firms globally.

SCT – which started life as Compliance11 Inc. – will now be known as MyComplianceTechnologies (MCT), and its 250 staff will be integrated with MCO based in offices in the US, Ireland, India and Singapore. MCO is also opening a new Chicago office as part of the expansion. Today, 95% of its clients are in capital markets, with 70%-80% based in the US.

MCO was spun out of Fidelity Investments in 2008 to focus on conduct risk and compliance. The company provides an integrated platform that monitors activity at the employee and firm level, as well as interactions with third parties. The platform monitors trading transactions, gifts and holdings, addressing Know Your Employee (KYE) and Know Your Third Party (KYTP) concerns for regulated entities.

The platform allows clients to identify conflicts of interest in employees’ activities, drawing on legal entity data, transaction data and holdings data to flag potential breaches of company policy, which usually reflect the company’s obligations under the regulations they are required to comply with.

The MCO platform is used across a range of capital markets firms, including asset managers, investment banks, interdealer-brokers and industry service providers and utilities. The platform is typically used by compliance teams, and ingests data from internal systems such as ERP platforms like SAP and PeopleSoft as a source of human resources data, as well as with transaction data repositories, entity databases and security identifiers.

SCT’s main focus is providing employee monitoring for corporate clients, and helping staff manage their finances through Charles Schwab bank and brokerage accounts.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: The time is now for buy-side firms to re-evaluate their approach to data management

Increased cost pressures, rising volumes of data, and the challenges of legacy systems are pushing buy-side firms to re-evaluate current approaches to data management. The aim is cost-effective, optimised data management that can provide flexibility and scalability, support various data types including ESG data, and ensure headroom for development in line with business objectives. Achieving...

BLOG

Don’t Forget People and Process when Deploying Agentic AI

When the financial industry talks ‘agentic AI’, there’s a tendency for the conversation to quickly devolve into cutting-edge technologies – large language models (LLMs), neural networks, generative algorithms (GenAI) etc. Agentic AI is really about transforming the business processes that define firms’ operations and the roles that supervise them. Success is dependent on more than...

EVENT

TradingTech Summit MENA

The inaugural TradingTech Summit MENA takes place in November and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions in the region.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...