Last checked at 24 Jun 2021 07:00
KRM22 plc
("KRM22", the "Group" or the "Company")
KRM22 announces partnership with Waymark Tech
KRM22 plc, (AIM: KRM.L) the technology and software investment company, with a particular focus on risk management in capital markets, is pleased to announce a partnership with Waymark Tech ("Waymark") to add Waymark's Wayfinder product to the KRM22 Global Risk Platform.
A regulatory change management and obligations tracking solution, Wayfinder uses Artificial Intelligence and Natural Language Processing to provide complete horizon scanning of key regulatory changes from more than 2,500 global data sources.
The partnership will also facilitate collaboration on additional, innovative compliance services. Plans include a free-to-use Regulatory Change and Enforcement Actions News Service, and a data-driven Regulatory Rulebook module within KRM22's Compliance Risk Cockpit.
Keith Todd CBE, Executive Chairman and CEO of KRM22 plc commented: "I am very pleased we are announcing this new partnership with Waymark. Wayfinder is a great addition to the suite of risk management services we offer our customers and it will help drive growth for our business."
Mark Holmes, CEO of Waymark Tech is delighted that Waymark will be part of KRM22's Global Risk Platform. He said, "This partnership is another endorsement of our award-winning delivery of targeted regulatory content. We enjoy working with KRM22 and its customers and look to continue the relationship for many years to come."
For further information please contact:
KRM22 plc InvestorRelations@krm22.com
Keith Todd CBE, Executive Chairman and CEO
Kim Suter, CFO
finnCap Ltd (Nominated Adviser and Sole Broker) +44 (0)20 7220 0500
Carl Holmes / Kate Bannatyne
Alice Lane / Sunila de Silva (ECM)
About KRM22 plc
KRM22 is a closed-ended investment company which listed on AIM on 30 April 2018. The Company has been established with the objective of creating value for its investors through the investment in, and subsequent growth and development of, target companies in the technology and software sector, with a focus on risk management in capital markets.
Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management. The Global Risk Platform provides applications to help address firms' market, compliance, operations and technology risk challenges and to manage their entire enterprise risk profile.
Capital markets companies' partner with KRM22 to optimise risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha.
KRM22 plc is listed on AIM and the Group is headquartered in London, with offices in several of the world's major financial centres.
See more about KRM22 at www.KRM22.com
About Waymark Tech
Waymark is a UK-based RegTech firm that helps firms keep up with ever-changing regulatory obligations, achieve cost reductions, and streamline compliance change management by automating the extraction and classification of information from regulatory texts and other data sources.
Waymark uses Natural Language Processing technology co-developed with GCHQ to scan, sort and surface pertinent change. This enhances confidence, frees resources, and allows compliance teams to be more proactive in managing change. This award-winning technology is used by a range of institutions, including policymakers in UK Government, regulators & supervisors, professional service firms, and financial institutions. Read more about them at www.waymark.tech.