Complinet selected as finalist for ‘Compliance Solution’ in global awards
Info Security recognizes Complinet as an innovator and leader in the compliance solutions industry
New York, NY and London, UK — October 22, 2007
Complinet, the leading provider of solutions that dynamically deliver relevant compliance intelligence to industry professionals, has been named a finalist in the Info Security 2008 Excellence Awards.
Complinet was chosen for its innovation in the development of Complinet Policy Manager. Info Security Products Guide, the leading publication on security-related products and technologies, has named Policy Manager as a finalist in the Compliance Solution category of the 2008 Global Product Excellence Awards.
Complinet Policy Manager is an enterprise-wide content management and governance tool built specifically for the compliance profession. It directly connects the internal policies and procedures within financial institutions with external governing regulations and rules. It actively constructs and maintains "live" relationships between an individual firm’s corporate policies and the range of external regulatory changes that affect them.
This unique solution ensures that organizations can respond rapidly to changing rules and enforce those corporate policy changes quickly, reducing the likelihood of penalties and fines.
The Global Product Excellence Awards recognize security and IT vendors with advanced, innovative solutions that help to raise the standard for others in the same industry sector. With more than 11,000 end-users, channel partners, and Info Security Products Guide readers worldwide voting on and evaluating these products, the finalists represent the most innovative products in the market.
Rake Narang, editor-in-chief of Info Security Products Guide, said: “Technology continues to drive the pace of business as information is exchanged and resulting courses of action need to keep up to speed. This presents a challenge in highly-regulated industries, such as finance, where regulations and penalties can hit an organization almost before they have worked out how to handle them. Complinet provides a way for companies to see, understand and act on regulations before they are hit. Complinet’s products and technologies help organizations in a constantly changing landscape.”
Paul Johns, chief marketing officer at Complinet, said: “The financial services sector is a demanding industry with regulations, policies and the risk of fines and penalties changing on a daily basis. We understand how this evolving environment affects our customers, especially if they do not act fast. We are proud that Info Security Products Guide voters recognize our achievements and identify us as a major industry player.
“By offering our customers multiple technology products to track and manage constant change, we help them save both time and money. Our innovations, such as Policy Manager and our latest product launch, Complinet Tracker, give financial institutions a competitive advantage over others. Tracker, a web-based platform that delivers a single, enterprise-wide ‘early-warning’ system for upcoming regulatory changes, continually tracks regulators' activities across the globe and immediately alerts users when any potential change occurs. This gives users a longer lead time to introduce and implement necessary policy changes, which is critical as market forces and globalization combine to drive a fast-paced finance industry that faces continual regulatory change, high stakes and risks,” Johns added.
The Global Product Excellence and Outstanding Award winners will be honored on January 30 2008 at Technosium 2008 during the Info Security Products Guide Global Awards ceremony at the Santa Clara Convention Center, located in the heart of Silicon Valley, California, USA. Complinet will be among the other leading industry players at this event.
The complete list of finalists can be found on the Info Security Products Guide web site at: www.infosecurityproductsguide.com/winners/2008/.
About Complinet
Complinet is the leading provider of dynamic and connected risk and compliance solutions to the global financial services industry.
The company’s solutions minimize exposure to risk by providing the information and technology to track and connect live external events, such as regulatory or sanction changes, with internal policy management and screening activities.
Complinet was founded in 1997 and employs more than 200 people in its offices in New York, London, Sydney and Dubai. Every day, industry professionals in more than 1,600 firms across 81 countries rely on Complinet to provide information, analysis and solutions that help them keep pace with changing regulations.
