KRM22 partners with Waymark, a leading provider of AI driven, regulatory change monitoring and obligation tracking software
KRM22 plc (LON:KRM) is pleased to announce a partnership with Waymark Tech Ltd (“Waymark”) to add Waymark’s Wayfinder product to KRM22’s Global Risk Platform.
A regulatory change management and obligations tracking solution, Wayfinder uses Artificial Intelligence and Natural Language Processing to provide complete horizon scanning of key regulatory changes from more than 2,500 global data sources.
The partnership will also facilitate collaboration on additional, innovative compliance services. Plans include a free-to-use regulatory change and enforcement actions news service, as well as a data-driven Regulatory Rulebook module within KRM22’s Compliance Risk Cockpit.
Keith Todd, CEO of KRM22, said, "I am very pleased we are announcing this new partnership with Waymark. Wayfinder is a great addition to the suite of risk management services we offer our customers, and it will help drive growth for our business.”
Mark Holmes, CEO of Waymark Tech, is also delighted that Waymark will be part of KRM22’s Global Risk Platform. He said, “This partnership is another endorsement of our award-winning delivery of targeted regulatory content. We enjoy working with KRM22 and its customers and look to continue the relationship for many years to come.”
About KRM22
KRM22 is a specialist software investment business led by industry experts, with an investment focus on risk management software and technology for capital markets. KRM22 envisions a world in which capital market organisations operate at an optimal threshold of risk to improve alpha and drive increasing profits. It is our mission to deliver a Global Risk Platform that brings increased visibility of risks to CEOs and senior executives while simultaneously lowering the cost of risk management systems to capital market organisations. See more about KRM22 at www.krm22.com.
About Waymark Tech
Waymark is a UK-based RegTech firm that helps firms keep up with ever-changing regulatory obligations, achieve cost reductions, and streamline compliance change management by automating the extraction and classification of information from regulatory texts and other data sources.
Waymark uses Natural Language Processing technology co-developed with GCHQ to scan, sort and surface pertinent change. This enhances confidence, frees up resources, and enables compliance teams to be more proactive in managing change. This award-winning technology is used by a range of institutions, including policymakers in UK Government, regulators and supervisors, professional service firms, and financial institutions. Read more about them at www.waymark.tech.