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Compliance Coach Partners with Acxiom to Assist Nation's Largest Financial Institutions in Complying with Stringent New Privacy Regulations.


Business Editors

SAN DIEGO--(BUSINESS WIRE)--Jan. 16, 2001

Privacy University Solution For Gramm-Leach-Bliley Act The Gramm-Leach-Bliley Act, also known as the Gramm-Leach-Bliley Financial Services Modernization Act, Pub. L. No. 106-102, 113 Stat. 1338 (November 12, 1999), is an Act of the United States Congress which repealed the Glass-Steagall Act, opening up competition  Compliance May

be Customized for Use by World's Largest Financial Institutions

Compliance Coach, the leading regulatory compliance resource and training company in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
 industry, today announced that it has entered into an agreement with Acxiom Corporation (Nasdaq:ACXM), the global leader in customer data integration, to market its Privacy University (PrivacyU.com) product.

Through this new relationship, Acxiom(R) will use Privacy University as an additional tool to train staff about the new privacy standards. They will also leverage that training and knowledge to offer Compliance Coach's Privacy University and Acxiom's consumer preference solution as a best-of-breed complete Gramm-Leach-Bliley Act (GLBA GLBA Gramm-Leach-Bliley Act of 1999 (Financial Modernization Act of 1999)
GLBA Gay and Lesbian Business Association
GLBA Great Lakes Booksellers Association
GLBA Glacier Bay National Park and Preserve
) solution to the nation's top financial institutions.

Launched in November 2000, Privacy University is a comprehensive solution to help financial institutions comply with the GLBA privacy regulation. It delivers: the mandated training with a powerful learning management center for testing, scoring and reporting compliance; a privacy notice generator; and other valuable privacy resources.

Acxiom is already helping several major financial institutions comply with mandatory privacy regulations and is offering its AbiliTec(TM) software to help even more companies comply with the legislation. AbiliTec is capable of quickly creating an accurate, single view of a customer, something that is critical for achieving customer relationship management and maintaining consumer trust.

This ability to link consumer data quickly and completely across disparate databases in the institution creates the opportunity to not only meet the requirements of the GLBA but allows an institution to improve its relationship with its customers.

"We are pleased to have this new relationship with Acxiom," said Sai See Statement of Additional Information.  Huda, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of Compliance Coach. "With Acxiom's consumer preference solution and the Compliance Coach Privacy University training, financial institutions will be able to better comply with the mandated GLBA requirements and turn the privacy challenge into a competitive advantage."

Jennifer Barrett, Acxiom's Company Privacy Leader, said, "We welcome the opportunity to work with Compliance Coach and Privacy University. Acxiom offers true customer data integration, which is essential for compliance with GLBA, while Privacy University offers a thorough training process, which is also a requirement of the regulation. Put simply, this partnership creates a superior end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved.

Compare: turn-key solution.
."

Compliance Coach developed its Privacy University product after hearing from the industry about a need for a cost-effective comprehensive training solution. During a national speaking tour with federal regulators, Huda heard from hundreds of banking executives the same concern: How in the world were they going to comply with the complex regulations and train their entire staff within the timeframe without spending a fortune.

Huda concluded there were no other products on the market and gathered some of the country's best privacy and regulatory professionals together to create Privacy University.

The landmark Gramm-Leach-Bliley Act's privacy provisions took effect Nov. 13, with full compliance by every financial services firm in the country due by July 1, 2001. The Act requires all financial institutions to develop and disseminate dis·sem·i·nate  
v. dis·sem·i·nat·ed, dis·sem·i·nat·ing, dis·sem·i·nates

v.tr.
1. To scatter widely, as in sowing seed.

2.
 to customers a written privacy policy and allow consumers to opt-out of any information sharing See data conferencing.  by July 1, 2001. This represents one of the most stringent privacy regulations ever enacted.

Privacy University is a comprehensive regulatory solution to privacy compliance. It is a cost-effective, interactive and automated au·to·mate  
v. au·to·mat·ed, au·to·mat·ing, au·to·mates

v.tr.
1. To convert to automatic operation: automate a factory.

2.
 training solution for the regulatory-required training. Organizations that subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day"
subscribe, take

buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company";
 Privacy University obtain access to the private, password-protected web site at PrivacyU.com and receive:
-- A library of comprehensive and interactive Web-based Privacy compliance
training courses on the Gramm-Leach-Bliley Act (GLBA) and other privacy rules
(such as COPPA, FCRA, Identity Theft, Information Security, Canadian and
European Union Data Directive) for training the entire organization. The
training can be customized to incorporate an institution's specific privacy
policies and procedures, if desired.

-- Automated Privacy Tests to score and document Users' learning.

-- A Learning Management Center for automated scoring, tracking, and analytical
reporting to document an audit trail of regulatory compliance and measure
learning performance.

-- Separate training tracks directed toward management and frontline personnel,
along with audio recordings of previous privacy seminars.

-- Certification and retesting to establish and maintain a standard of
knowledge in the organization.

-- Automated Privacy Knowledge Vault of frequently asked questions and answers,
sanitized to protect client privacy and confidentiality.

-- Listing of Privacy Resources and Web Site links relating to Privacy laws and
regulations.

-- Online tools that help an institution create the mandated privacy policies,
disclosures and opt-out notices.


About Compliance Coach:

Compliance Coach, based in San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay.  and Washington, D.C., is the leading regulatory compliance resource and training company in the financial services industry. It has been recognized by the industry for its' regulatory compliance expertise.

Compliance Coach prides itself on being "first" to provide the industry with timely, value-creating knowledge solutions leveraging its knowledge experts with the latest technology to minimize costs and mitigate mit·i·gate
v.
To moderate in force or intensity.



miti·gation n.
 risks. For more information, please visit www.compliancecoach.com.

About Acxiom Corporation:

Acxiom Corporation, the global leader in real-time, multi-channel Customer Data Integration, enables businesses to develop and deepen deep·en  
tr. & intr.v. deep·ened, deep·en·ing, deep·ens
To make or become deep or deeper.


deepen
Verb

to make or become deeper or more intense

Verb 1.
 customer relationships by creating a single, accurate view of their customers across the enterprise. Acxiom achieves this by providing Customer Data Integration software, database management services, and premier customer data content through its AbiliTec(TM), Solvitur(R) and InfoBase(R) products, while also offering a broad range of information technology outsourcing Information Technology Outsoucing or ITO is a company's outsourcing of computer or Internet related work, such as programming, to other companies. It is used in refence to Business Process Outsourcing or BPO, which is the outsourcing of the work that does not require so much  services.

Founded in 1969, Acxiom (Nasdaq:ACXM) is based in Little Rock, Arkansas Little Rock, Arkansas

required military intervention to desegregate schools (1957–1958). [Am. Hist.: Van Doren, 556–557]

See : Bigotry
, with locations throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and with operations in the United Kingdom, France, Spain and Australia. Acxiom revenues were $1.03 billion for the 12 months ended September 30, 2000. For more information, please visit www.acxiom.com.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jan 16, 2001
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