RegTech firm Clausematch has launched a Partnerships and Certification program for financial institutions and regulators.
According to Clausematch, the main goal of the program is to create an end-to-end holistic solution and an ecosystem for a complete compliance process. In addition, the company said the program will aim to educate the market Clausematch is working with to secure wider adoption of digital transformation.
Clausematch claimed that by launching the program, the firm is becoming the ‘base component’ of a complete end-to-end compliance management solution for both financial institutions and regulators.
The certification for the program includes online courses and attestation which will aim to get more partners to be officially qualified to use the Clausematch system. Currently, the company has six certified partners – these include Gemserv, NovaVu, FinTrail, Beyond, Change Gap and PWC. Clausematch claims all of these companies have been trained and are subject matter experts in Clausematch technology.
Once companies have completed the program, they will be officially qualified to consult, sell and integrate Clausematch solutions. Clausematch stated the benefits of partnering with the company include added value, revenue stream, working with new clients and competitor differentiation.
Clausematch gave an example of such a partnership that it is currently engaged in with Gemserv. The firm claims that it has helped Gemserv digitise part of its SEC Energy Code and making the code machine-readable.
Clausematch head of product and partnerships Anastasia Dokuchaeva said, “To help both regulators and the regulated firms to build up a more mature digital regulatory compliance framework is a priority for Clausematch.
“Many of the global leading regulatory authorities are actively engaged in initiatives exploring available technology to connect regulations, firms’ governance documentation and compliance processes in order to ensure overall stability and efficiency of the market. Resulting in great demand for complete end-to-end compliance solutions.”
CodeWorks head Jahan Haroon added, “We are delighted to announce that we are now a Clausematch Certified Partner. Having used Clausematch technology to deliver value and results to our clients we have come to know the platform and team very well. We are committed to supporting Clausematch in the achievement of goals and deepening our partnership with this RegTech innovator.”
A recent survey conducted by Clausematch found the RegTech industry has witnessed accelerated growth during the coronavirus pandemic.
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Copyright © 2018 RegTech Analyst