Business
Intapp and ComplySci partner to streamline firm and personal conflict clearance operations
Integrated solution for the professional and financial services industry improves visibility into potential conflicts at the firm and individual levels PALO
About this update from Intapp, Inc.
[{"type":"text","content":"Integrated solution for the professional and financial services industry improves visibility into potential conflicts at the firm and individual levels\nPALO ALTO, Calif., Jan. 10, 2023 (GLOBE NEWSWIRE) -- Intapp (NASDAQ: INTA), a leading provider of cloud software for the global professional and financial services industry, today announced a new partnership with ComplySci, a COMPLY company and the leading provider of regulatory compliance technology for the financial services sector. Intapp and ComplySci’s partnership will deliver an integrated and comprehensive firm and personal conflicts clearance solution to clients. The integration aligns ComplySci’s ability to record, monitor, and report on employee personal trading activities with DealCloud and Intapp Conflicts, allowing compliance teams to pinpoint firm and individual-based conflicts, record actions, and document resolutions. Key benefits for professional and financial services firms include: Holistic search functionality across integrated personal and team conflicts, sanctions, and control room data, reducing the potential for missed conflicts or improper activitiesA comprehensive history and audit trail of conflict checks, which is easy to pull for regulators and reduces the risk of penaltiesA configurable system that searches a firm's complex transactions to ensure proper conflict checks and approvalsStreamlined requests for conflict checks to increase efficiency, improve user experience, and provide deeper visibility into checks, statuses, and next steps “Firms are increasingly incorporating staffing checks into their transactional conflicts checking process. Tracking of employee activities — such as personal trading, private investments, and political donations — can be a challenge to manage through manual processes, opening the firm up to significant operational risk and even penalties,” said Nigel Riley, General Manager of Risk and Compliance Solutions at Intapp. “The partnership between Intapp and ComplySci improves visibility for compliance teams by automating the personal conflicts of interest checking process alongside the firm-level conflicts checking process.” “We are extremely excited to announce our latest innovative partnership as it further enhances ComplySci’s proactive ability to track employee activity against a firm’s code of ethics with Intapp’s uni...