Attivio Announces Active Regulatory Management for Financial Services

Monday, April 4, 2011 - Company Release

Automates monitoring of more than 200 regulators and documents policy alignment to reduce risk and costs

Attivio, Inc. today announced the release of its Active Regulatory Management (ARM) solution, which monitors regulatory agencies, notifies staff members responsible for revising corresponding internal rules and policies, documents completion, flags delinquent updates, distributes policy changes and, finally, provides an on-demand audit trail. Along with the general availability of ARM, Attivio also announced the successful deployment of the solution at one of the world's five largest banks.

By automating risk management practices, Attivio's Active Regulatory Management solution reduces the number and size of fines, improves productivity and compliance and ultimately enables a reduction in self-insurance requirements.

According to a January 2010 independent report by Forrester Research Inc. entitled: "Trends 2010: Governance, Risk, And Compliance Aim To Support A Controlled Recovery", "The world is looking to recover from massive and widespread economic failures while mitigating what could likely be several aftershocks and potentially greater collapses in the future. Governance, risk, and compliance (GRC) professionals saw their influence increase substantially in the past year, and they will be asked to play an even greater role in organizations realizing that recovery and growth need to be well-controlled. During this recovery, GRC professionals and the vendors that serve them must focus on efforts that support business performance, close the gap between business and IT, streamline compliance processes, leverage available content and guidance, and include consideration for myriad external factors. Future success of GRC programs depends on the ability to function as part of the business."

"ARM satisfied a serious compliance alerting and reporting requirement for us," said a senior director of a global investment bank. "Attivio's Active Intelligence Engine core capabilities and financial markets know-how were instrumental in my team's ability to meet a very ambitious delivery schedule."

ARM monitors hundreds of regulations published online in a variety of formats and automatically detects changes and updates. It then matches them with internal policies that comply with those regulations. Each person in the risk organization views the changes in regulations and the associated updating of policies on a role-specific dashboard. Risk managers can see the rolled-up status of their teams, or horizontally, for example across a geographic region. The system updates in real time and also reports metrics such as the rate of change and the most frequently changing sources of regulation.

Key offerings available through ARM include:

• Solution built on Attivio's award-winning Active Intelligence Engine (AIE), the leading platform for Unified Information Access (UIA)
• Monitors regulations published on more than 200 internet sites such as the US SEC, UK FSA and automatically detects changes and updates, regardless of format
• Indexes internal policies (that implement the regulations at a given company) and links them together
• Provides a dashboard showing change across regulation and impacted rules; this view is hierarchical, meaning that each person sees only the regulations & policies relevant to them
• Provides business process automation by automatically "ticketing" policies that need to be updated
• Includes content and activity metrics and records of all updates

"Currently, regulatory monitoring and policy updating are not centralized and include many manual steps. To reduce risk and underwriting fees, companies need to streamline processes for compliance while controlling costs," said Ali Riaz, CEO, Attivio. "Fundamental to these initiatives is the ability to assemble all relevant information and apply filters and rules. ARM delivers diverse information and automates processes to help enterprises reduce both overhead and penalty costs by unifying all relevant information, while making it easily accessible to regulatory officers and staff."

ARM is based on Attivio's award winning Active Intelligence Engine (AIE) platform, which brings immediacy and depth to the information that drives enterprise organizations, uniting content and text analytics with normalized, related data from any source. AIE enables rich applications, such as dashboards, that provide a comprehensive view across documents, websites, emails and more, as well as data that has traditionally been limited to database applications. The platform directly ingests data without relying on time-consuming data modeling, so it can be accessed as soon as it is received.

For more information on Attivio's Active Regulatory Management solution, as well as its industry-leading Active Intelligence Engine, please visit the Active Regulatory Management (ARM) page.