KUALA LUMPUR, June 13 (Bernama) -- MyComplianceOffice Inc (MCO), a conduct risk and compliance technology provider, announced the acquisition of Fairwords, a pioneer in artificial intelligence (AI)-powered electronic communications software.
According to MCO in a statement, the acquisition reinforces its commitment to providing cutting-edge solutions that enable organisations to effectively manage compliance.
By integrating Fairwords' AI-powered communications protection software into its comprehensive suite of offerings, MCO solidifies its position as a leader in the global compliance technology market.
“With this acquisition, we will further augment our solution for exceptional integrated surveillance capability across all transactions, employees and third-party entities. We are thrilled to welcome Fairwords, its talented team and customers to the MCO family,” said MCO Chief Executive Officer (CEO), Brian Fahey.
Meanwhile, Fairwords CEO, Tom Bubeck said: “Throughout the due diligence process, we concluded that MCO's dedication and investment in the surveillance space make it the ideal home for our team and clients. I have no doubt that our customers will be extremely satisfied with MCO for many years to come.”
Fairwords' communications compliance software provides compliance leaders and teams with proactive training, analytics, and archiving to mitigate communications risks and prevent compliance crises and lawsuits.
The software also provides firms with a streamlined solution for monitoring and flagging risky communications, while ensuring the archival of digital messages in compliance with regulatory requirements.
The acquisition will expand MCO's integrated surveillance solution to encompass digital communications, thus strengthening its ability to identify potential compliance issues.
In addition, it will enhance MCO customers' ability to ensure communications compliance across various channels while fostering a robust culture of compliance within their organisations.
-- BERNAMA
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