Clausematch, a technology company developing solutions for regulatory compliance, has signed an agreement with The Connector.
The technology commercial firm has an unconventional approach to assisting companies looking to scale-up their client base, as well as financial services companies looking for a trustworthy third-party solution.
According to a recent survey of IT and security professionals, organisations worldwide are using about 110 SaaS applications in their business. However, most companies do not have core competency in buying such software, and often, purchase SaaS products that are overpriced, difficult to use, or fail to solve the root problem.
The Connector, led by RegTech influencer Koen Vanderhoydonk, has a proven track record of strong relationships and an extensive international network in the financial services industry.
Vanderhoydonk also has significant reach in the Benelux Union, which Clausematch hopes will prove advantageous.
“We’re thrilled to be working with The Connector as they have tons of shared knowledge and experience in FinTech, banking and investment management, and a deep network across the Benelux and beyond to introduce Clausematch where they see a solutions gap,” said Claudia Coutinho-De Somma, EMEA account executive at Clausematch.
“With the team’s prior knowledge of Clausematch and their championing of the platform, this was a partnership waiting to happen.”
The Connector employs three criteria when choosing third-party solutions, like Clausematch, to bring to its connections: a proven solution, proven benefits to customers, and proven steadiness and promise of a future in the industry.
Vanderhoydonk said Clausematch, No.1 on our RegTech 50 ranking late last year, exemplifies all three criteria.
“Currently, the RegTech market is fragmented, with different maturity levels attempting to serve multiple regulatory needs across multiple jurisdictions,” he said. “The partnership between companies like Clausematch and The Connector helps bring the maturity of the RegTech industry to the next level.
“It also further grows the awareness and adoption of RegTech solutions in the financial services industry, especially by companies looking to scale up operations.”.
Clausematch has a proven track record as a RegTech global leader. It was selected as a part of several incubators and programmes, including FinTech Innovation Lab London and New Work, Lloyd’s Lab, LawTechUK Sandbox Pilot, and the Barclays Accelerator Program.
The partnership with The Connector ties into its mission to bring a SaaS compliance product to highly-regulated companies.
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