From: RegTech Analyst
MCO (MyComplianceOffice) has formed a strategic partnership with Governor Software to help companies better track compliance requirements.
The deal will combine the data collection and workflow processes of MCO with the global regulation mapping services of Governor Software. Through this, clients will be able to map, track, execute and report on compliance obligations, improving their regulatory capabilities.
MCO CEO Brian Fahey said, “The MyComplianceOffice platform ensures that Compliance can continuously execute and monitor their policies and procedures. With the addition of Governor Software, mapping polices to obligations and regulations, allows firms to significantly enhance their compliance governance practices in an end-to-end solution.
“The goal is to increase compliance throughput and reduce wasted effort and resources. Our joint efforts will help firms worldwide take full control of compliance, in an affordable and efficient manner.”
MCO designs compliance management software, which helps companies reduce their regulatory burdens. It is a fully integrated platform which boosts transparency into an employee’s conduct risk profile,
Governor Software CEO and founder Richard Pike said, “The global agreement with MCO allows Governor Software to combine its industry leading track record of innovation in compliance oversight with MCO’s expertise, insight and unparalleled understanding of the regulatory environment within the securities industry.”
Earlier in the year, Governor Software became a global reseller of regulatory update solution Waymark Tech. The deal enables Governor Software to launch its regulatory compliance solution globally.
Governor Software utilises visualisation technology to track regulations and their updates.
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