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Cordium launches new compliance software solution Pilot

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Cordium, a provider of compliance consulting, accounting, tax and software to the financial services industry, has launched Pilot, its latest compliance software solution.

Pilot, a first of its kind cloud-based corporate workflow management tool, is designed to manage complex compliance and operational tasks from start to finish. Pilot was created to help compliance professionals manage their workload and keep track of the ever-changing and convoluted global regulatory environment existing today.
 
Pilot is centred around an interactive compliance calendar that allows firms to build and organize their day-to-day compliance and monitoring tasks into a scalable, dynamic environment where they can assess risks, prioritise activities, track, monitor and document their entire compliance program. This creates an indispensable audit trail that makes the task of compliance reporting and back testing effortless.
 
In addition, Pilot is filled with an exhaustive task library of continuously updated regulatory rules and guidance data that allows the user to navigate, amongst others, SEC, FCA, CFTC, FINRA, HKSFC and MFSA requirements. Pilot provides the ability to create multiple calendars to track and separate tasks across regulatory jurisdictions, business lines or individual users simultaneously. Pilot also allows firms to fully automate tasks, build risk matrices, drill into any calendar data point, uploaded documents or workflows and take advantage of its global search capabilities.
 
Jordan Schwartz, Cordium’s Director of Global Software Solutions, says: “In this world of complex global regulation that combines an increasing number of regional regulators and assimilates their rules, it is imperative that firms are able to stay in charge of their compliance program. This highly intuitive software solution, which is the evolution of ComplianceTrak, appeals and applies across all jurisdictions and handles any firms’ regulatory requirements, even beyond the financial services sector. It is the new way for CCOs and compliance professionals to deal with the complex and ever expanding compliance workload.”
 
Michel van Leeuwen, Group CEO of Cordium, adds: “In Pilot we have created a revolutionary, ever evolving solution designed for compliance professionals across all industries. It generates valuable documentation to help you prepare for regulatory audits, provides reporting to senior management and helps underpin a company’s culture of compliance to its clients and investors alike. With our in-house knowledge of managing the complexities of compliance, we created this innovative solution to meet the governance, risk management, and compliance needs of any company by embedding the sometimes tedious minutiae of regulatory compliance in a structured and user-friendly way. Complying across global jurisdictions is cumbersome and difficult, yet Pilot makes it easy and cost effective.”

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