MetaCompliance is a leading UK software company and has a clear vision of making compliance and IT security easier for financial organisations. This award winning software can ensure the active participation of staff and third party vendors in compliance initiatives such as policies, eLearning and surveys, thus mitigating the risk of compliance incident and the associated financial penalties.
The software can be used to demonstrate that employees understand content such as policies, by being tested with questions. Delivering increased user participation in compliance and IT security campaigns provides the audit information to generate reports that allow the organisation to demonstrate its "duty of care" to regulators.
Whilst well written policies and procedures are the backbone of a compliance programme, their value substantially decreases if they are not regularly reviewed, professionally communicated and managed. In today's modern financial organisation compliance automation has a major role to play in taking some of the burden associated with the people aspect of compliance.
With increasing legislative and regulatory requirements, such as Anti Money Laundering; The UK Bribery Act & FCPA (Communication & Training) and BS 10500:2011; Information Security and Solvency II; proactive management of the processes around these critical documents is essential in order to demonstrate good governance and mitigate liability.
Whether its policies, procedures or surveys, not being able to audit user activity and acceptance leaves the organisation exposed.