Wirex, a leading player in payments, has partnered with Corlytics, to bolster its compliance framework and ensure the highest standards of regulatory adherence.
The company has selected Corlytics’ Clausematch policy management platform to streamline and automate its policy management processes.
This solution enables Wirex to ensure real-time updates, dynamic compliance workflow with an audit trail, and adherence to evolving regulatory obligations.
Chet Shah, Global Chief Risk & Compliance Officer at Wirex commented, “The Corlytics’ Clausematch solution enables us to efficiently and dynamically maintain excellent levels of governance across Wirex including ensuring our policies, procedures and frameworks remain up-to-date and aligned to the expected standards of our regulators. In addition, we need a technological solution to help guarantee that our governance can keep up with our goals for expansion as we seek to do business in new jurisdictions.”
In addition to implementing the solution’s policy management editor, Wirex is also integrating the policy portal.
This platform facilitates the dissemination of information in a manner that aligns with the appropriate documentation, thereby enabling efficient adjustments in controls to ensure compliance.
Corlytics is a market leader in intelligent content solutions, specialising in regulatory monitoring and regulatory change management. The company’s President, Evgeny Likhoded, spoke enthusiastically on the collaboration.
He said, “We’re delighted to start our collaboration with such a fast-growing business who are also in the evolving crypto space, and help them on the expansion journey. Policies and procedures comprise the bulk for creating and maintaining the culture of compliance in any organisation. As Wirex expands, having a compliance culture mapped out and integrated into policies, procedures, and controls will guarantee its competitive advantage. The implementation of our solution is a major step towards accomplishing the expansion and growth goals.”
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