FinTech Magazine - September 2022 | Page 37

Stop guessing if your teams are putting themselves and your business at risk with StarCompliance ’ s Future-ready platform
StarCompliance gives firms full visibility into the outside business activities of their employees , enabling them to operate with confidence and steer clear of risk and costly conflicts of interest .
Star , a leading provider of compliance technology solutions , is now partnering with SMBC to give them the tools they need to monitor and better understand employees ’ charitable donations , private investments , board memberships , and other outside business activities .
David Rowland , Star ’ s Chief Technology Officer , says , ‘ We admire forward-thinking companies like SMBC that value their employees and want to make sure they are secure about how their personal dealings could affect their professional careers . Through the STAR Platform – which monitors for employee conflicts of interest – our clients can ensure that issues are flagged and reconciled in a timely manner .’
Why Monitoring For Employee Conflicts Matters
The cost of missing an outside business activity that could lead to a conflict of interest could be devastating to an organization . And the financial ramifications and reputational damage to both the firm and the employee can have irreversible consequences .
Star alleviates these concerns by providing a single , centralized place for monitoring employee conflicts with a compliance software solution . The STAR Platform lowers the cost for reconciliation and database administration , and frees up compliance officers to do the higher-level follow-up and investigative work they ’ re best suited for .
Rowland says ‘ the STAR Platform enables enterprise organizations like SMBC to stay ahead of regulatory changes , minimize their risk and protect their assets .’
Meeting Client Needs – Now And Into The Future
Monitoring for employee conflicts has become more critical than ever in the complex regulatory environment in which we live and work . Whether dealing with employees at one location , or a staff across multiple time zones , Star has cost-effective solutions for each situation . And because Star partners with so many organizations worldwide , clients benefit from the kind of collaborative software development that delivers unparalleled features and functionality in the compliance technology space .
Compliance no longer needs to be complex . Check out Star ’ s intuitive , straightforward UX and give your employees the multi-layered protection they need to comply with confidence .
www . starcompliance . com