Summary
MyComplianceOffice (MCO) provides compliance management software that enables companies around the world to reduce their risk of misconduct and effectively oversee regulatory obligations.
Our powerful platform lets compliance professionals demonstrate they are proactively managing the regulated activities of the company, employees and third-party vendors and provide evidence of regulatory compliance. Available as a unified suite or à la carte, our easy-to-use and extensible SaaS based solutions get firms up and running quickly and cost-efficiently.
Description of fintech solution
MyComplianceOffice helps companies, large and small, meet evolving regulatory needs and ensure compliance more easily. Our interconnected suites with a centralized data centre offer firms a comprehensive and cost-effective complete compliance solution.
1. Know Your Employee provides compliance teams with an easy and affordable way to monitor, manage and ensure adherence to employee policies, identifying issues before they become problems and mitigating the risk of misconduct.
2. Know Your Transactions helps firms mitigate risk that can originate from breaches in market manipulation, insider trading, suitability, conflicts of interest, fund mandates and investment banking activities.
3. Know Your Third Party delivers a clear understanding of third party risks, providing oversight of due diligence activities associated with third party relationships including vendors, customers, counterparties, agents and partners.
4. Know Your Obligations allows firms to maximize the effectiveness and efficiency of the regulatory oversight process by gaining a holistic and aggregate view of their risk profile and easily providing proof of compliance.
The MCO’s fully integrated platform enables comprehensive monitoring and reporting via personalized dashboards, workflow-directed task management, real-time alerts to exceptions, hierarchy management and integrated data sets, including global company and security master of public and private companies
Describe your key innovations
Innovation is a constant at MCO. In the last 3 years, MCO has invested an average of 25%+ per year of revenue into R&D as product capabilities are a key element of our brand. Our high, consistent level of investment and proven development methodology foster continual enhancement and improvement.?We will continue this significant level of investment to keep pace with rapid regulatory developments.
Ongoing investment in technology and skilled staffing is paramount to MCO’s success and its strategic and financial goals. Over 60% of MCO staff are dedicated to R&D. Core tenets of MCO’s innovation-focused strategy include:
?Consistent investment of revenue back into platform?
?Making strategic investments in technology to support efficient work and agile development?
?Allocating staff and technology investment into the MyComplianceOffice platform to ensure promised performance, reliability and development?
?Continually assessing the latest technology trends to understand opportunities and implications?
?Effectively matching employee skill sets, expertise and capabilities to tasks, roles and assignments?
?Encouraging feedback and creative thinking across the organisation?
Solution Lifecycle
Commercialized
Founder's Background
Brian Fahey is the Chief Executive Officer of MyComplianceOffice. Brian has been delivering complex technology solutions to meet critical business objectives within the investment management industry for over 35 years. He has provided these solutions to large and small investment firms across US, Europe and Asia. His focus over the last 16 years has been building cost-effective governance, risk and compliance IT solutions for the investment industry that can adapt to rapidly changing business and regulatory environments. Prior to joining MyComplianceOffice, Mr. Fahey ran a consulting practice for Access Data, a firm that specialized in technology solutions for the investment industry. He also managed investment systems at John Hancock Funds and was CTO for a smaller institutional asset manager.
Brian has a Bachelor of Commerce and Master of Management Science degrees from University College Dublin (Ireland). He also has an MBA and a Graduate Certificate in Strategic Internet Management from Northeastern University.
Founded (Years of Incorporation)
1998
How are you funded today?
Self-funded
Number of employees
400
Presence In Region
America
ASEAN
Asia
Europe
Global
North Asia
Oceania
Technology
Regtech
Risk Assessment
HQ Country
Ireland
What are the top 3 key benefits your solution will bring to the Asset Management Industry?
- Compliance Efficiencies and Automation
- Meet Regulatory Obligations (locally and globally)
- Global Standards in Compliance achieved
Tell us more about your past client engagements to date and your market penetration?
MCO has over 1300 customers Globally with a smaller presence in Asia-Pacific. 3 of MCO's largest 6 customers are based in the Asia-Pacific region.
Our customers range from 10 employees through to 105,000 employees use cases and include implementation of singular point solution modules, to a full integrated Control Room Suite.
Do you have any case studies of your solution? If yes, please share it in less than 200 words
Various case studies can be found in our solution here: https://mco.mycomplianceoffice.com/customer-stories
Awards/Accolades
MCO’s business model has continually scaled with success. Initially, we provided solutions for small and mid-tier financial services firms. Our capabilities have matured to address increasing regulatory expectations and the needs of complex global firms. Here’s a timeline of our key milestones:?
1998 - MyComplianceOffice created by TerraNua, a division of Fidelity Investments.?
2008 - MCO moved from Fidelity under the guidance of founder Brian Fahey with a vision—build a single compliance platform to eliminate waste and ineffectiveness from multiple siloed systems.?
2008-2013 - We focused on providing affordable and integrated SaaS-based employee compliance solutions to small and mid-market firms in the United States.???
2008 - Headquartered in Dublin, we opened an office in NYC to better support our US customers.?
2013-2021 - As our employee compliance capabilities continue to mature, our client list expanded to include firms of all sizes across financial services and the globe.?
2016 - We enhanced our product offerings to include solutions for third-party and transactional compliance.?
2019 - Our Singapore office opens to provide in-region sales and service for the APAC region.?
2021-2024 - As a privately held company, our ability to continually innovate and invest in our product means that we’re always evolving to meet the compliance needs of the financial services industry.??
We acquire Governor Software and add Compliance Oversight to our platform with Know Your Obligations. Our customer base grows with the acquisition of Schwab Compliance Technologies. The acquisition of Fairwords brings communications surveillance and monitoring to our product suite. We expand our footprint in Europe and add KYC and AML solutions to our wide range of capabilities with the acquisition of Pythagoras Solutions.?
2025 - Today, the MyComplianceOffice platform delivers better-built compliance to firms of all sizes across capital markets, banking, and insurance, and throughout North America, Europe, and the Asia-Pacific region.?
MCO has been recognized as a leading provider of Compliance technology by analysts and industry associations across the globe. Awards and recognitions won over the past twelve months include:?
Chartis RiskTech 100
Financial Times 1000: Europe’s Fastest Growing Companies
Financial Times: Europe’s Long-Term Growth Champions
Chartis Financial Crime and Compliance50
Deloitte Best Managed Companies Ireland
Deloitte Fast 50 Ireland
Deloitte Fast 50 Ireland Innovation Award
Business Post Leadership Excellence – CEO of the Year
FinTech Global RegTech 100
FinTech Breakthrough Awards ?– Best FinTech CEO
A-Team Insight Innovation?Awards? - Most Innovative CEO?
FinTech Global FinCrime50?
FinTech Global DataTech50?
A-Team Capital Markets Tech Awards APAC – Best Compliance as a Service Solution
A-Team Insight EMEA Awards? - Best Cloud Solution for Regulatory Compliance?
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