The Compliance Register is the International Organisation for Compliance Professionals and Senior Executives in the Financial Services Industry. The Compliance Register OStCaR Awards are given in recognition of excellence to individuals and firms while also raising funds for selected charities.
Leading law firm and Datanomic customer, SJ Berwin, was shortlisted for the âMost Innovative Fraud Prevention Officerâ award, while another Datanomic customer, NFU Mutual Insurance Society won the coveted award for the âBest Compliance Officer/Staff â Outstanding Leadership/Dedicationâ award. IFDS was shortlisted for several awards, including Clive Shelton for âBest MLRO â Outstanding Leadership and Dedicationâ, and âBest MLRO â Value Addâ along with Simon Hudson-Lund for âBest Chief Executive/MDâ.
Datanomicâs dn:Director Sanctions & PEP Screening software was also shortlisted for âBest Technology Services Awardâ. The category is awarded to firms who provide technology services to financial services firms. Attributes include high quality of services which meet regulatory expectations, reasonable costs and good industry reputation.
âWeâre delighted that so many of our customers have been acknowledged by the Compliance Register for compliance excellence,â said Dr Jonathan Pell, CEO of Datanomic. âWeâre also honoured to that our dn:Director Sanctions & PEP Screening software was recognized as part of the awards. We have provided screening software for approximately one billion customer records to date, and dn:Director is now the trusted platform of choice in the financial services and legal markets to help mitigate risk, avoid multi million pound fines, and help safeguard the reputations of some of the worldâs most respected companies. Weâre delighted that our customers are gaining recognition for their responsible and pro-active approach to compliance screening.â
In the wake of recent scandals and the collapse of major financial institutions, the likely impact will be much greater compliance reporting, which in turn will dictate the need for much deeper, thorough accuracy and analysis of all customer and transaction data. Datanomic believes that Enterprise Screening, the systematic screening of employees and internal contractors, as well as external partners, agents, third parties, and distributors, will become standard business practice for large organizations over the next three years.