[26 May 2022] New York - Conduct risk and compliance technology specialist MCO (MyComplianceOffice) has again secured top billing in the RegTech Insight Europe Awards for 2022 as Best Conduct Risk Solution. The firm won the recognition for their integrated platform that monitors activity at the employee and firm level, as well as interactions with third parties.
During the past year MCO completed its acquisition of Schwab Compliance Technologies (SCT). The purchase brings MCO's client base to more than 1,300 firms and brings together a highly complementary set of products and employees to accelerate growth and meet customer needs.
MCO also expanded its capabilities with its acquisition of Governor Software which brought visual mapping of global regulations into the compliance offering. This enables firms to significantly improve the assurance of compliance across the organisation.
Brian Fahey, CEO, MCO said, “We are delighted to once again be recognised by The A-Team for our platform’s ability to enable clients to manage their conduct risk obligations. We have a strong product vision, and this pushes us to continuously enhance our offering both organically and through acquisitions. It also ensures we keep our focus on remaining at the forefront of our industry.”
The MCO platform monitors trading transactions, gifts and holdings, addressing Know Your Employee (KYE) and Know Your Third Party (KYTP) concerns for regulated entities. Regulations include the Senior Managers and Certification Regime (SMCR) in the UK; the EU Whistleblower Directive; the SEC’s Rule 204A-1 (Code of Ethics Rule) and Foreign Corrupt Practices Act (FCPA) in the US; the MAS Conduct Guidelines and more.
Angela Wilbraham, CEO at A-Team Group, commented: “Congratulations MyComplianceOffice for winning this year’s RegTech Insight Award Europe for Best Solution for Managing Conduct Risk. This year’s RegTech Insight Europe awards have been extremely popular and competitive, highlighting established solution providers and innovative newcomers that help capital markets participants respond effectively and efficiently to evolving and ever more complex regulatory requirements across the global financial services industry.”
The MCO platform is adopted across a range of capital markets firms, including asset managers, investment banks, interdealer-brokers and industry service providers and utilities. The platform is typically used by compliance teams, and ingests data from internal systems such as ERP platforms like SAP and PeopleSoft as a source of human resources data, as well as with transaction data repositories, entity databases and security identifiers.
About MCO (MyComplianceOffice)
MCO provides powerful compliance management software that companies around the world use to reduce the risk of misconduct. The MCO solution allows firms to address transactional and personal conflicts of interest in a single platform. It is the only fully integrated, comprehensive, compliance management platform that uses a global company and security master dataset to identify conflicts across firm transactions (deals, research, and trades), employees, and third parties mycomplianceoffice.com
Lisa Deschamp, Vice President, Global Marketing
To learn more about how MyComplianceOffice helps firms across the globe manage conduct risk issues and conflicts of interest, contact us today for a demo.