Top 20 Compliance Technology Solutions Companies - 2022

Modern businesses have to deal with a broad spectrum of issues that dampen the effectiveness of compliance practices. Some of the most pressing problems are manual and time-consuming processes, inability to keep pace with regulatory changes, lack of valuable security insights, and siloed approaches to governance and risk management. Leveraging digital transformation initiatives into compliance management can resolve all issues and help organizations proactively manage and comply with continually shifting regulations.

Automated interactions with customers and employees are among the significant digital transformation trends that continue to grow exponentially. AI and ML-based chatbots are being steadily adopted to eliminate time-consuming manual compliance-related activities. Robotic process automation (RPA) is another advanced technology that can streamline workflows and reduce manual effort. RPA software tools can automate report generation and delivery, e-mail circulation, status updates, notifications, change tracking, and different asset compliance processes. In the wake of these developments, the global compliance technology market is projected to reach a CAGR of 8.5 percent by 2025.

To put the spotlight on such key developments, CIOReview illustrates how compliance technology providers are leveraging the latest technologies. This edition also features thought leadership articles from subject matter experts. Some of the exclusive insights are authored by Robert Walsh, Deputy CCO at AXA Group, and John Entwistle, Senior Vice President, Compliance Systems at Brown Brothers Harriman. They shed light on the role of technology in enhancing compliance programs, evolving financial crime regulatory landscape, and low code systems to improve compliance KYC process.

In this edition of CIOReview magazine, we also bring to you the story of some of the most promising compliance technology solutions providers. In the list, CyberCatch stands out for its innovative cybersecurity SaaS solution tailored for SMBs to identify ‘security holes’ caused by missing or ineffective cybersecurity controls. We also bring you the story of SolasAI, 11Foundry, and Pinpoint, who are making compliance simple with technology. MyWorkDrive, Grindstone, Safefood 360,and Tower MSA Partners are also pushing the bounds of compliance technology and empowering clients in evolving compliance landscape.

Through the following pages, we aim to shine a light on the innovative trends and latest developments in the compliance segment. We would like to know your thoughts.

TOP VENDORS

Top Compliance Technology Solutions Companies

CyberCatch

CyberCatch provides an innovative patented cybersecurity Software as-a-Service (SaaS) platform designed for SMBs. It enables an SMB to implement cybersecurity controls quickly and cost-effectively to attain compliance and cyber risk mitigation. It then performs continuous automated testing of the controls from three dimensions: outside-in, inside-out and social engineering, to find security holes and helps fix them promptly so attackers can’t exploit to break in and steal data or infect ransomware.

SolasAI

SolasAI offers a platform to illuminate and reduce the causes of disparities in predictive models. The platform is designed to help enterprises easily detect discrimination in their models and clarify trade-offs between business value and reducing inequalities.

11Foundry

11Foundry’s extensive experience has enabled it to solve problems and create value in a broad range of compliance contexts. It helps clients accomplish responsible business at every scale through its expertise in Lacey Act and EUTR compliance, international trade, banking and finance, and other highly regulated disciplines.

Certrec

Certrec is a software and services provider with regulatory compliance as its core competency and it leverages innovative technology solutions to help clients lower the chances of incurring fines (NERC, NRC) and preempt the possibilities of damage to their organizational and team reputation.

MyWorkDrive

MyWorkDrive software lets users add cloud functionality and secure remote access to Windows File Shares & Active Directory infrastructure without a VPN. With MyWorkDrive, customers can set up a web file manager interface and share the link with the users to have access to all or their files using a simple web browser, mapped drive or mobile client.

Pinpoint Global

Pinpoint Global has been providing the nation’s most comprehensive learning and compliance systems for the past 20 years. Over its impressive tenure, the company has recognized unique challenges faced by insurance and financial service firms and seeks to address them with its intuitive web-based SaaS products.

ProtectOrg

ProtectOrg’s team of experts has been at the core of compliance and security for over 20 years. They understand the need from compliance as well as to quickly spot issues, trends or threats which might put a company at risk.

Safefood 360°

Safefood 360° offers food safety management software to food businesses. The software handles food safety and supplier quality management in adherence to GSFI standards. It is an enterprise solution optimized to operate in the global regulatory and compliance environment specific to food safety

anecdotes

Anecdotes are the first operating system (OS) for each company's Compliance journey level. It transforms security compliance from a box-ticking exercise to a strong engine of growth for scale ups, publicly listed enterprises, and everything in between in the cloud powered world

EqualWeb

EqualWeb is trusted and used by industry leaders. EqualWeb's comprehensive suite of accessibility tools helps to improve the surfing experience to best match users' needs based on their specific limitations and preferences