MyComplianceOffice Blog

One of the top reasons enterprise decision-makers give for not wanting to work with procurement is the time required to complete the sourcing and vendor selection process. Why is it necessary to have a long, formal evaluation effort when you already know which compliance software provider you want to work with? Can’t procurement just help push through the contract? The frustration with procurement delays is especially pronounced in an era when eCommerce makes nearly any good or service available to us at home within 48 hours, and when SaaS compliance technology can be ‘turned on’ instantly.

The global workforce has been under pressure since March, when the lockdown started in most countries. Since then, the stress and financial pressure caused by COVID-19 and the uncertainty to industries, organizations and employees has increased. Governments and regulators are under pressure to deliver normality while reducing the economic and market impact of the crisis.

Over the last decade, many scandals in the financial services industry have shined a light on the importance of employee conduct and exposed misconduct as a major factor in these scandals. Since then, many financial institutions have being working to boost their risk and compliance efforts. 

We are delighted to announce that our director Asia-Pacific, Kelly-Ann McHugh has joined the Risky Women Community and will be hosting a few podcasts on Risky Women Radio.

MCO is one of the leading providers of regulatory and risk technology for financial services. We proudly received the RegTech Insight Award 2020 in the category “Best Vendor Solution for Managing Conduct Risk”. In an interview to the RegTech Insight team, our CEO, Brian Fahey tells the company history, how the solution has evolved and in which ways MCO helps its customers globally.