Clausematch has partnered with private and commercial bank Arbuthnot Latham to enable its digital compliance transformation.
As part of the partnership, Arbuthnot is adopting Clausematch’s policy management platform to automate and streamline compliance processes.
Clausematch claims its policy management solution will allow the compliance teams to reduce the time and risk of policy maintenance by working in a centralised platform that manages the full policy lifecycle rather than piecing disconnected systems.
Recently, Arbuthnot Latham added 534 additional new users onto the platform. 16 power users, 18 light users, and 500 portal users will be working on Clausematch to support the next phase of digital transformation.
Clausematch head of sales Freddie Frith said, “We are honoured to be working with one of the fastest-growing UK banks helping them on their journey aimed at the digital transformation of compliance. With a single compliance management platform, it is now possible in a few clicks to run the end-to-end lifecycle of compliance documents, company-wide policies and procedures: they can easily be drafted, reviewed, approved and finalised.
“The Policy Portal instantly makes it available in a single repository for employees to easily access and attest to.”
Arbuthnot Latham head of operational risk Jamie Day added, “The Clausematch platform allows us to avoid a fragmented approach to naming, tagging, structuring and formatting compliance documents thus avoiding risks and keeping everything in a single dynamic repository. An automated audit trail ensures clarity around accountability and it is easily extractable should the regulator’s request it.”
Clausematch recently revealed that it is re-joining the UK’s Innovation Association organisation.
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Copyright © 2018 RegTech Analyst
