20 Most Promising Compliance Technology Solution Providers - 2015

20 Most Promising Compliance Technology Solution Providers - 2015

Due to the increasing number of regulations and need for operational transparency, organizations are increasingly adopting the use of consolidated and harmonized sets of compliance controls. Regulatory compliance often requires providing sensitive corporate information to government and service provider organizations. The security and privacy components of compliance are creating a more definitive baseline for data sharing and protection.

As a corporate official in charge of overseeing and managing compliance issues within an organization, the Chief Compliance Officer maintains knowledge about the recent policies and procedures, encouraging managers and employees to report suspected fraud and other improprieties without fear of retaliation. Compliance with ongoing developments from Dodd-Frank Act, PCI-DSS, GLBA, FISMA, SarbanesOxley Act, Joint Commission, and HIPAA are of high priority for different fields. Given the scale of the regulatory framework, it is clear that large-scale information systems are necessary for major corporations to achieve compliance and to mitigate associated risks.

While compliance often is initially viewed as an unnecessary administrative burden with untenable costs, the motivation behind the legislation is typically a result of industries’ inability to effectively address significant shortcomings in business practices. Corporations have become concerned about compliance because of increasingly stringent and complex legal requirements. In this realm, there are many technology developments that enable significant improvements in fraud detection systems, ensuring compliance.

To help CCOs, CIOs, and CEOs find the right compliance technology and provider for their enterprises, our selection panel has evaluated hundreds of compliance technology providers that own innovative technologies in this space. In our selection, we looked at the vendor’s capability to fulfill the burning need of cost-effective and flexible solutions to tackle complex compliance challenges. We present to you CIO Review’s 20 Most Promising Compliance Technology Solution Providers.

Company Name

Company Description

CaseWare Analytics CaseWare Analytics provides a data analytics platform for auditing, risk and compliance professionals
Ceridian A global technology company with a single application for human capital management, including payroll and tax, benefits, human resources, workforce management, and talent management
Compliance360 The provider of software solution that is used to manage a wide variety of complaince processes and ensure accountability thoughout the organizations
EtQ Provides the Risk Register toolset to build up a robust risk management plan
Fidessa Provider of software services and trading systems for the financial services sector
IdentityMind Global Pioneer in identity-based risk management, anti-money laundering, and fraud detection for financial service providers
Logic Manager Offers complete set of compliance tools to proffer flexibility, and ease in business operations
Metricstream Offers compliance management app that integrates and maps compliance mandates and controls in a central framework
modulo A provider of compliance solutions that allow enterprises to better manage technology risk, policy requirement and ensure good governance
MyComplianceOffice The firm provides a powerful software program that automates the compliance program activities and demonstrates the organizations culture of compliance
NICE Actimize Inc Offers wide range of compliance solutions that identifies financial crime, prevents fraud and supports regulatory compliance
Nymity Provides a suite of solutions that helps organizations attain, maintain, and demonstrate data privacy compliance
ProcessMAP Provider of enterprise-scale, SaaS platform to enable organizations become more efficient in Environment, Health, and Safety (EH&S) Management, Sustainability Management, and Enterprise Compliance Management
QuestSoft Provider of comprehensive and automated compliance software and services to the mortgage, banking, and credit union industries
RecoveryPlanner Provider of Risk, Business Continuity and Incident Management software and consulting
Regulatory DataCorp A Trust Diligence company that delivers powerful, decision-ready intelligence and world-class risk and compliance protection to identify banned/suspect entities, strengthen fraud protection, ensure regulatory compliance, manage supply and distribution risk, and protect organizations’ brand equity
Rescop Developing and offering innovative services and solutions to support companies globally in establishing and maintaining compliance
SQL Power Group Global application firm specializing in data collection, data integration and regulatory implementations
Steton Technology Group Steton cloud-based software helps leaders in the food, hospitality, and retail industries continually improve how well their operations comply with corporate quality, safety, and brand standards
Workiva Inc. Provides a cloud-based productivity platform for enterprises to collect, link, report, and analyze business data with control and accountability.