NEW YORK--(BUSINESS WIRE)--MyComplianceOffice, the leading provider of automation for the management of compliance and conduct risk, has been awarded Best Technology Provider for Compliance at the Wealth Management 2020 Industry Awards.
With more than 200 companies and guests in attendance, the awards were announced during a virtual event live streamed from New York and broadcasted worldwide. The judges analysed 625 nominations in diverse categories including Best Compliance/Law Firms, Compliance Technology Provider of the year, Cyber Security, Disruptors, among others.
The award recognizes MyComplianceOffice’s Control Room Solution for its ability to manage the flow of information effectively and review investment banking deals and private transactions for potential conflicts. As well as managing MNPI and insider lists, MCO manages research activities while capturing a complete compliance review for auditing and regulatory reporting purposes.
In response to current market conditions and regulatory expectations, firms are required to supervise and analyze risks related to employees accessing MNPI. MCO Control Room solution enables firms to reduce time, improve processes, clear conflicts of interest and meet regulatory requirements more easily.
David Armstrong, Executive Director at Wealth Management said:
“A panel of fifteen judges voted, and MyComplianceOffice’s initiative this year was rated as the Best Technology for Compliance. It was a very competitive category. We congratulate Brian Fahey and team on their prestigious Award win.”
Dave Kubersky, Chief Revenue Office at MCO added:
“MyComplianceOffice is here to assist any financial institution to improve the more inefficient areas of compliance in their business through technology. More than ever, compliance automation is crucial, and firms need a centralized integrated solution that is flexible and effective to better manage conduct risks and monitor conflicts of interest.”
MyComplianceOffice is a leading provider of RegTech Solutions for the Financial Services Sector. With customers present in 80 countries, and over 400 customers using MCO Software as a Service Solution, the solution is well placed to assist firms automating manual compliance activities.
For further information about the awards, click here.