Clausematch, a expertise firm growing options for regulatory compliance is happy to announce it has partnered with Arbuthnot Latham, the non-public and business financial institution, to allow the digital transformation of compliance.
The funding administration business has been experiencing an inflow of regulation, new sustainability necessities, and elevated private accountability. One of many objectives for adopting compliance expertise was to simplify and digitise the coverage framework. Arbuthnot Latham is relationship-led however is investing closely in expertise to extend effectivity and ship optimistic outcomes for purchasers. The financial institution has round 100 inside compliance paperwork, i.e. insurance policies, procedures, requirements, and controls in place, with extra being added sooner or later. Changing a fragmented workflow of Phrase paperwork, PDFs and e-mails with a single dynamic instrument.
The proprietary Clausematch coverage administration answer will permit the compliance groups to cut back the time and danger of coverage upkeep by working in a centralised platform that manages the complete coverage lifecycle somewhat than piecing disconnected programs. Digitised workflows now permit updates to be simply tracked with a transparent audit path in a central system utilizing the very best of cloud-based software growth.
Jamie Day, Head of Operational Threat at Arbuthnot Latham mentioned: “The Clausematch platform permits us to keep away from a fragmented strategy to naming, tagging, structuring and formatting compliance paperwork thus avoiding dangers and protecting every part in a single dynamic repository. An automatic audit path ensures readability round accountability and it’s simply extractable ought to the regulator request it.”
Freddie Frith, Head of Gross sales at Clausematch commented: “We’re honoured to be working with one of many fastest-growing UK banks serving to them on their journey aimed on the digital transformation of compliance. With a single compliance administration platform, it’s now potential in a number of clicks to run the end-to-end lifecycle of compliance paperwork, company-wide insurance policies and procedures: they’ll simply be drafted, reviewed, accepted and finalised. The Coverage Portal immediately makes it obtainable in a single repository for workers to simply entry and attest to.”
Lately, Arbuthnot Latham added 534 extra new customers onto the platform. 16 Energy Customers, 18 gentle Customers and 500 Portal Customers shall be engaged on Clausematch to help the following part of digital transformation.