We'll be launching a major new product called KM PolicyWatch on Monday, June 9. KM PolicyWatch will benefit any banking or broker-dealer department managing Policies and Procedures Manuals to conform to their industry's constantly shifting regulatory landscape.
KM PolicyWatch provides relief from "manual labor". It automates and consolidates what has often been a tedious, error-prone, and complicated exercise for compliance professionals in the financial services industries. The platform synchronizes an institution’s own data — especially its policies and procedures manuals — with Agency and SRO rules and regulations. KM PolicyWatch removes the need to search the Internet for rule changes; it brings those changes to you and tracks them in relation to specific sections of your manuals, while alerting those responsible for sections of your manuals when changes occur and what follow-ups may be required. KM PolicyWatch also features on-demand reporting and search functions, and future versions will deliver robust workflow and audit trail capabilities.
We developed KM PolicyWatch using feedback from some of the world’s leading investment and banking firms, which have in recent years been forced to devote increasingly large amounts of resources to their compliance departments. Numerous factors have contributed to this need, including the growing complexity of the regulatory infrastructure and recent legislation aimed at making the financial industry more accountable for its practices. In such a climate, traditional methods of compliance are being exposed as inadequate, and the industry seems eager to explore alternatives can offer superior accuracy and efficiency.
The release of KM PolicyWatch represents only one aspect of our commitment to developing an integrated suite of alerting services, research platforms, and task management environments for business and financial regulation professionals. By the end of 2008, we will be integrating our existing products and a variety of new data sets and tools into a broadly based business and financial regulation research platform called KM Law. We will keep you posted on the progress of both KM Law and subsequent versions of KM PolicyWatch.
Please send me an email (pschwartz@knowledgemosaic.com) if you would like more information about KM PolicyWatch. As always you can also post comments directly to my blog.
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