MCO (MyComplianceOffice) has been selected as the winner of the “RegTech Innovation Award” in the 8th annual FinTech Breakthrough Awards program, conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies, and products in the global FinTech market today.
“The fast pace of regulatory expectations will continue to be a disruptor in the financial services industry. In the face of such rapid change, the MyComplianceOffice platform serves as a business imperative to face increasing regulations and aggressive and costly enforcement,” said Steve Johansson, Managing Director, FinTech Breakthrough. “Congratulations on winning the ‘RegTech Innovation Award. MCO is safeguarding a crucial part of the world economy by enabling effective compliance within client firms and protecting financial markets and participants.”
The FinTech Breakthrough Awards is the premier awards program founded to recognize FinTech innovators, leaders, and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech, and many more.
“We’re grateful to FinTech Breakthrough for our inclusion in this year’s award program. Our customers work in a highly regulated and volatile environment with extensive enforcement. They need updated solutions to meet the latest regulatory requirements, and our continuous innovation has had a tangible impact on business growth and retention,” said Brian Fahey, CEO of MCO. “We will continue our dedication to innovation to keep pace with rapid regulatory developments. The close relationships we build with our customers provide unique insight into how the platform can be continually updated and enhanced to best meet the market's needs.”
MCO provides integrated and comprehensive compliance software for financial services firms worldwide. MCO offers a unique and innovative combination of employee surveillance, transaction monitoring, and third-party oversight products on a single integrated platform, enabling firms to ensure that their compliance obligations are met efficiently and effectively. At the heart of the platform lies sophisticated hierarchy management and integrated data sets that eliminate the need for fragmented systems and manual processes.
With just one login, employees know exactly where to go to manage their compliance obligations all in one system. The platform’s single source of data also provides compliance with comprehensive oversight across the organization, plus the ability to easily evidence compliance with regulators and senior leadership.
Firms can choose the solutions they need and add additional capabilities along the way. The platforms’ automated process prevents costly manual errors, while the ability to eliminate menial tasks allows employees to focus on higher-level priorities. The solution can also quickly develop bespoke workflows curated to a firm’s unique needs and help organizations avoid regulatory missteps.
MCO offers firms a compliance framework that enables one million users at 1300+ client firms across 105 countries to meet societal and regulatory expectations around transparent and ethical behavior while streamlining operations. Annually, the MCO platform executes 100+ million rules and processes 1.2 billion+ transactions.
Learn more about MCO's suite of solutions right here:
About MyComplianceOffice
MCO provides integrated compliance management software that enables global financial services firms to operate efficiently, ethically, and compliantly. With 25 products on a singular system, the powerful MyComplianceoffice platform lets compliance professionals demonstrate that they are proactively managing compliance obligations and the regulated activities of employees, the company and third party relationships.
1300+ client companies across 105+ countries use MyComplianceOffice to move away from manual processes and disparate systems and towards more strategic compliance.
About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.
Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.
