Qumas Announces Closed-loop Governance, Risk and Compliance Process
Qumas has launched a compliance solution that highlights the core activities that fall under compliance and serves as the underlying framework for the company’s technology and pre-configured suites. According to the company, financial services organizations can review, correct, document and report compliance information and take corrective actions and, therefore, treat compliance as a single unified process rather than as a series of silos that vary with department or regulation. Qumas plans to release several pre-configured suites during the course of the year that address specific components of the automated closed-loop compliance process. The Policies and Procedures Suite is the first in this series that will enable companies to realize the full benefits of an automated closed-loop compliance process. Depending upon the maturity of its existing compliance programme, a company can purchase one or all of the suites.