Complinet

Company Background

Complinet is the market-leading publisher of regulatory information and provider of compliance services to the international financial services industry. Complinet and Autonomy ZANTAZ provide solutions that revolutionize the process of automating compliance information within the financial services industry by taking away the human dependency on searching. A bank needs to leverage all the data pertaining to a particular customer before commencing trades, otherwise it may incur undue risk or inadvertantly break the law if the customer has an unknown history.

The Need

A major challenge faced by financial services firms in today's stringent regulatory environment is to ensure that all employees, and particularly legal and compliance staff, are fully up to date on all the latest regulatory information. Today over 1,000 financial services firms around the globe rely on Complinet to provide them with the very latest regulatory information. However, they also have rich collections of valuable information within the enterprise stored in policy manuals, documents and emails. Very often this information is difficult to locate, is stored on a variety of different systems, in various formats, and individuals within an organization are not even aware of its existence. By employing a tailored implementation of the Autonomy ZANTAZ software provided under this alliance, customers can be automatically alerted to content that is high risk or combine it with the high quality content feeds from Complinet within one seamless environment to identify regulatory information and analysis that decreases risk without reliance on the search box.

The Solution

Complinet purchased Autonomy ZANTAZ for Automated Content Production, Automated Content Delivery and Automated Enterprise Compliance Integration. Complinet chose Autonomy ZANTAZ because it was the only technology able to integrate email into all other enterprise assets. The technology was made available to 180 internal users and 1,000 global customers. Autonomy ZANTAZ is now used to index an unrestricted number of documents from a variety of sources.

The Benefits

The end result for the compliance professional is that they will be able to obtain a coherent and comprehensive view of all matters relating to any chosen topic. When dealing with a compliance issue they will not only have complete access to the latest regulations and best practice advice but will also be able to cross-reference this with the internal policies and procedures and uncover often hidden stores of unstructured information contained in documents around the company network.

By using the inherent intelligence of Autonomy ZANTAZ (powered by IDOL) and the structured content taxonomies provided by Complinet, compliance professionals are able to organize their internal information against key regulatory concepts - providing structure and intelligence to previously unstructured information. It will also allow companies to automate the process of managing the flows of compliance information throughout their business – receiving alerts when regulations change, helping them to manage and update their internal policies and giving them an understanding of where in the organization valuable information is held. This task is currently performed manually by highly skilled legal and compliance staff. The automation of highly skilled working practices reduces valuable time spent by professionals seeking information and greatly reduces the cost of ongoing compliance.