“The number of individual regulatory changes banks must track on a global scale has more than tripled since 2011, while banks and other financial institutions have spent nearly $321 billion on compliance enforcement actions (from 2007 until 2016).1 As regulatory compliance becomes increasingly burdensome and costly to manage, every financial organization is feeling immense pressure to update resource-intensive manual compliance programs. Organizations need technology-driven solutions that leverage automation and can be easily integrated into existing processes and software.
Compliance.ai, a modern regulatory change management platform for financial services companies, has developed a strategic partnership with LogicManager, the leading enterprise risk management (ERM) software provider. With this partnership, LogicManager adds Compliance.ai’s comprehensive, customized and financially-focused regulatory content to its integrations library within their platform. This partnership will empower compliance teams to proactively manage regulatory changes.”