The volume of regulations and market changes a financial institution needs to keep up with is ever-increasing, while the mantra “do more with less” has never been more in vogue. Failure to comply may result in significant fines, reputational damage, or even worse, jail time, as regulators can now hold Chief Compliance Officers personally accountable for such failures. Compliance departments must be agile to make sure the company operates safely, protecting its customers, reputation and, ultimately, its bottom line.
Clausematch allows financial institutions to stay on top of compliance and adapt at the speed of change. Our platform sits at the core of compliance management and provides a single source of truth to host, manage, and disseminate all types of compliance documents across the entire organization. Benefits include: