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 There can be chemistry in compliance & litigation
Friday, 8th June 2012
By
Penny Crossland
Abstract:
For researchers and information professionals working in the financial sector and especially in compliance departments, it can be hard to keep up with the myriad of banking regulations, compliance entities and acronyms that seem to spring up on a regular basis. Well, there is now an overview of the main regulations, supplied in the form of a periodic table by Alacra.
Article:
Recent product and acquisition news shows that workflow and presentation solutions are currently the name of the game for the major information vendors, especially those involved in the complex world of compliance and litigation.
For researchers and information professionals working in the financial sector and especially in compliance departments, it can be hard to keep up with the myriad of banking regulations, compliance entities and acronyms that seem to spring up on a regular basis. Well, there is now an overview of the main regulations, supplied in the form of a periodic table by Alacra.
A visually attractive, interactive tool, the Periodic Table of Bank Regulations & Compliance, as shown here provides users with a pop-up box for each acronym, providing definitions or explanations of entities or regulations. The information, for example goes back as far as 1863, when the OCC (Office of the Comptroller of the Currency) was established in the US and explains Basel III, which will be fully implemented by 2019.
The information in the periodic table can be filtered by country or region, as well as by the currency of the regulations, i.e pending, enacted or defunct. In all, an excellent tool, which ties in nicely with Alacra Compliance, a workflow application, reviewed by Perrin Kerravala in last month’s VIP Magazine.
Another workflow tool for professional services is provided by Sanction Solutions, a developer of presentation software for litigators. This week, the firm was acquired by LexisNexis for an undisclosed sum. The Arizona-based firm has, via another trial software business called CaseSoft, been a long-term LexisNexis partner and will be integrated into its Litigation Tools & Professional Services Group.
Sanction Solutions’ software provides lawyers with trial management and evidence presentation tools, which have user-friendly interfaces. According to law.com, LexisNexis is keen to expand its product offering in the litigation support arena and has “an active list of acquisition and partner targets”.
By Penny Crossland
Penny Crossland is the owner of CH Business Research, a consultancy specialising in investigative research and market intelligence. Penny conducts research projects for clients from a variety of industry sectors, including financial services, management and security consultancy, FMCG, publishing and retail. Fluent in German, she also translates academic papers and corporate material.
Before establishing her business in 2001, Penny was Research Manager at OC&C Strategy Consultants in London. Penny graduated from Bristol University with a degree in German and Politics and has a Masters degree from London University in contemporary German Literature. She became interested in all aspects of business information through working for an industrial market research company in New York.
Penny can be reached at penny.crossland@freepint.com
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