Last checked at 31 May 2019 07:00
KRM22 PLC
("KRM22" or the "Company")
KRM22 announces partnership with Trailight Ltd
Partnership brings Individual Accountability Regime and People Risk Management products to KRM22's Global Risk Platform
KRM22 plc (AIM: KRM), the technology and software investment company, that focuses on risk management for capital markets, today announces that it has partnered with Trailight Ltd ("Trailight") to further enhance the KRM22's Global Risk Platform. The partnership includes an agreement for KRM22 to distribute and support the Individual Accountability Regime and People Risk Management products on the KRM22 Global Risk Platform.
Trailight provides two compliance products to capital market firms. The Individual Accountability Regime product is designed to be the industry benchmark for financial organisations to comply with the FCA Senior Management & Certification Regime ("SMCR"). The product provides firms the control, visibility and agility to manage accountability throughout the organisation. Trailight's People Risk Management product enables financial institutions to manage people risk efficiently in accordance with regulatory rules on competence and conduct risks.
Keith Todd, CEO of KRM22 commented "Through the implementation of SMCR, the FCA is the latest financial regulator to introduce a new era of accountability for individuals designed to raise standards of governance and conduct in financial services. To ensure effective compliance, firms will need to have in place an end to end compliance solution to capture, evidence, monitor and report the extensive transparency and disclosure requirements. Firms will struggle to manage these requirements using traditional disparate siloed and off system processes. We are delighted to be partnering with Trailight on its holistic compliance offering allowing firms to confidently manage all their regulatory obligations in one place in a cost effective and efficient way".
David McNair Scott, CEO of Trailight, commented "We are excited to partner with KRM22 offering our compliance products through its Global Risk Platform. Our products help our clients stay one step ahead of the complex and evolving regulatory landscape. We have seen great market reaction and adoption of our Individual Accountability Regime product and with the final phase of SMCR implementation on the horizon we welcome the opportunity to scale up our business to meet growing demand through this partnership".
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For further information please contact:
Keith Todd, Chairman and CEO InvestorRelations@krm22.com
Karen Bach, COO
finnCap Ltd (Nominated Adviser and Sole Broker) +44 (0)20 7220 0500
Carl Holmes / Kate Bannatyne / Matthew Radley - Corporate Finance
Alice Lane / Sunila de Silva - ECM
About us:
We help capital markets companies reduce the cost and complexity of risk management.
Our Global Risk Platform provides applications to help you address your firm's regulatory, market, technology and operations risk challenges and to manage your entire enterprise risk profile.
Partner with us to optimise risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha.
KRM22 is a public Group listed on AIM and headquartered in London, with offices in several of the world's major financial centres.
See more about KRM22 at www.krm22.com
About Trailight:
Trailight is a pioneering compliance technology business based in York and London with a growing team of practitioners, technology experts and software designers.
Trailight helps institutions across the Financial Services industry with regulatory compliance, best practice, competency frameworks, people risk and accountability software. It is at the forefront of compliance technology - creating governance tools and frameworks that evolve, as regulation gets more complex, helping clients to keep one step ahead.