Datanomic customers shine in Compliance Register Awards

13 January 2009

Compliance and screening specialists, Datanomic Ltd, today announced that several of its customers have won or been acknowledged in the Compliance Register’s OStCaR Awards for 2008 held in London last month. Datanomic’s dn:Director Sanctions & PEP (Politically Exposed Persons) Screening software was also shortlisted for ‘Best Technology Services Award’ in the Register’s Outstanding Service to Compliance and Regulation (OStCaR) Awards.

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 ‘Most Innovative Fraud Prevention Officer’ award, while another Datanomic customer, NFU Mutual Insurance Society won the coveted award for the ‘Best Compliance Officer/Staff – Outstanding Leadership/Dedication’ award. IFDS was shortlisted for several awards, including Clive Shelton for ‘Best MLRO – Outstanding Leadership and Dedication’, and ‘Best MLRO – Value Add’ along with Simon Hudson-Lund for ‘Best Chief Executive/MD’.

Datanomic’s dn:Director Sanctions & PEP Screening software was also shortlisted for ‘Best Technology Services Award’. 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.

“We’re delighted that so many of our customers have been acknowledged by the Compliance Register for compliance excellence,” said Dr Jonathan Pell, CEO of Datanomic. “We’re 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 world’s most respected companies. We’re delighted that our customers are gaining recognition for their responsible and pro-active approach to compliance screening.”

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.

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