More than 100,000 sign up for compliance help from Complinet Monday 11 June 2007 PDF Print - Against a backdrop of increasing regulatory pressure on the global financial services industry, Complinet sees its user base top 100,000 and opens a new office in Dubai - London, UK and New York, NY - June 11, 2007 – Complinet, the leading provider of solutions that dynamically deliver relevant compliance intelligence to industry professionals, has announced that worldwide user numbers for its information services and regulatory compliance tools have exceeded 100,000 for the first time. The company sees this as evidence of the increasingly difficult task faced by compliance professionals who must ensure their organisations stay up to date with all relevant rules in an increasingly regulated industry. Complinet provides three core solutions to its customers. Its Regulatory Insight service draws compliance-related news and information from public and subscription sources, filters, categorises and connects it with analysis from Complinet’s in-house experts, and delivers via a portal and newsfeeds to registered users. Its Policy Manager application automatically updates users’ electronic policy manuals as external regulations change. Finally, its Global Screening service allows users to assess and continually monitor the risk profile of organisations and individuals by checking them against watch lists, sanctions lists, adverse media coverage and other criteria. In a mid-year update, the company announced that it had: - Seen its user base grow to more than 100,000 individuals, employed by more than 1,200 companies located in 81 countries; - Increased its geographical reach to better address the Middle East market, opening a new office in Dubai - Increased its footprint among the top-tier of financial services institutions, including all 20 of the Fortune 500 top 20 global financial services firms; - Expanded its senior management team with the appointment of former Orchestria Corporation VP Paul Johns as vice president of Global Marketing Paul Johns said, “Complinet is unique in that it is the only company to offer deep market analysis and the technology solutions to deliver compliance intelligence and services in real time to end-users. The company has big plans, and I am excited about being part of the team that will realise and execute these plans. There is a risk in being late to comply with new regulations – companies need Complinet’s help to mitigate that risk. ” Chris Pilling, CEO of Complinet, said, “I am proud of our team and the achievements we have made to date. Market acceptance and demand for our services is the strongest it has ever been, driven in part by the complexity of regulatory guidance, financial reporting legislation and the problems our clients face in knowing, understanding and acting on changes to regulations.” Pilling continued, “A Financial Services firm often deals with as many as 200 regulators. One of our differentiators is the relationships we have with both regulators and highly-regulated firms. Our work with regulators includes the UK’s Financial Services Authority (FSA), American associations such as the National Associated of Securities Dealers (NASD) and the Securities and Exchange Commission (SEC) as well as regulators in the Middle East and Canada." About Complinet Complinet is the leading provider of solutions that dynamically deliver relevant compliance intelligence to industry professionals within the highly regulated global financial services community. Complinet enables customers to minimise their exposure to risk by providing the information and technologies they need to connect live external events such as regulatory or sanction changes with internal policy management and screening activities. Complinet was founded in 1997 and employs over 200 people in its offices in New York, London and Dubai. Every day, industry professionals in more than 1,200 firms across 81 countries rely on Complinet to provide information, analysis and solutions that help them keep pace with changing industry regulations. For more information, please visit www.complinet.com Media contacts: UK: Elissa Fry or Sally Forge Prompt Communications Ltd Tel: +44 208 996 1650 Email: email@example.com North America: Lisa Facinelli or Maryellen Cronin Prompt Communications LLC Tel: +1 617 576 5763 Email: firstname.lastname@example.org This press release was distributed by ResponseSource Press Release Wire on behalf of Prompt Communications Ltd in the following categories: Personal Finance, Business & Finance, Computing & Telecoms, for more information visit http://pressreleasewire.responsesource.com/about.