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Complinet's Tracker is Highly Commended for Product Development of the Year at the Annual Data Publishers Association Awards.


Tracker is praised for offering a unique and cost effective solution to the industry and for the ability to track regulatory developments, critical in the current climate where the market is facing stiff regulatory reform Regulatory Reform concerns improvements to the quality of government regulation.

At the international level, the "OECD Regulatory Reform Programme is aimed at helping governments improve regulatory quality -- that is, reforming regulations that raise unnecessary obstacles to
 and budget constraints A Budget Constraint represents the combinations of goods and services that a consumer can purchase given current prices and his income. Consumer theory uses the concepts of a budget constraint and a preference ordering to analyze consumer choices. .

LONDON -- Complinet, the leading provider of connected solutions that deliver compliance intelligence to the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
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 industry, has been highly commended at this year's Annual Data Publishers Association Awards for Product Development of the Year for their early warning system, Tracker.

Complinet was shortlisted in the Product Development of the Year category and awarded the highly commended accolade for Tracker, an early warning system for regulatory developments, launched in 2007. Tracker is a web-based solution that automates the labour-intensive, manual and administrative tasks traditionally associated with monitoring and reviewing multiple regulatory and exchange websites. Tracker allows users to create customised profiles whereby they receive only regulatory developments relevant to them - saving valuable time - and facilitating a cost effective approach to regulation affecting their business.

In addition, the key to Tracker's success has been editorial quality and a dedicated team of highly qualified former regulators and former compliance practitioners has been assembled to analyse and dissect dissect /dis·sect/ (di-sekt´) (di-sekt´)
1. to cut apart, or separate.

2. to expose structures of a cadaver for anatomical study.


dis·sect
v.
 regulatory events as they emerge from the regulators. In common with all Complinet editorial content, each piece of copy undergoes rigorous subbing and each piece of content is categorised Adj. 1. categorised - arranged into categories
categorized

classified - arranged into classes
 against Complinet's unique financial services taxonomy taxonomy: see classification.
taxonomy

In biology, the classification of organisms into a hierarchy of groupings, from the general to the particular, that reflect evolutionary and usually morphological relationships: kingdom, phylum, class, order,
. This taxonomy is quickly emerging as the industry standard allowing the user to search or filter Tracker by regulator, country, document type, subject or sector.

The DPA DPA - Data Protection Act  Awards recognise and promote excellence in directory and data publishing and celebrate the best directory and data companies. The judges look at editorial content, innovation, creativity, interactivity and connectivity amongst other things.

The Product Development of the Year category is highly competitive and the biggest category of the award ceremony with a very high standard of entries. The judges praised Tracker's ability to offer a unique solution to the industry in the current climate and recognised that the ability to track regulatory developments is critical in a market that is facing stiff regulatory reform and pressure on budgets.

Stacey English, head of regulatory affairs Regulatory Affairs (RA), also called Government Affairs, is a profession within regulated industries, such as pharmaceuticals, medical devices, energy, and banking. Regulatory Affairs professionals usually have responsibility for the following general areas:
, accepted the award on behalf of Complinet and said "Complinet's clients are made up of the major firms within the financial services industry. As we're all aware they are facing increasing regulatory pressures so we are very proud to provide them with an early warning system that helps them comply with regulatory developments."

Greg Kilminster, group managing director, Regulatory Insight said:

"By automating the tasks that used to be performed manually, Tracker pays for itself within six months."

Tracker, as part of Complinet's 'complete' offering of compliance intelligence to the industry, including news, rulebooks and practice notes etc., is relevant for the financial market with strong ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot).  to help cost conscious firms meet their compliance obligations.

The number of regulators and exchanges currently monitored by Tracker has grown from 50 to 115 in the past year alone. Additionally, the solution now enables financial professionals to keep up to date with global regulatory changes spanning over 23 different countries.

The DPA Awards winners were named on 23 October 2008 at the De Vere De Vere may mean:
  • Aubrey de Vere II (d. c. 1112) and his descendants the de Vere family, 20 of whom who held the title of Earl of Oxford in succession, until 1703
  • Cecil Valentine De Vere, chess player
 Grand in Brighton, UK. The complete list of finalists can be found on the DPA web site at: http://www.dpa.org.uk/events/awards2008.shtml

About Complinet

Complinet is the leading provider of dynamic and connected risk and compliance solutions to the global financial services industry.

The company's solutions minimise exposure to risk by providing the information and technology to track and connect live external events, such as regulatory or sanction sanction, in law and ethics, any inducement to individuals or groups to follow or refrain from following a particular course of conduct. All societies impose sanctions on their members in order to encourage approved behavior.  changes, with internal policy management and screening activities.

Complinet was founded in 1997 and has offices in New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
, London, Sydney and Dubai. Every day, industry professionals in more than 1,600 firms across 81 countries rely on Complinet to provide information, analysis and solutions that help them keep pace with changing regulations. www.complinet.com
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Publication:Business Wire
Date:Oct 28, 2008
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