While at moneylaundering.com's annual conference I got to see the launch presentation for Fortent's new Inform service, "a
tool designed to help financial institutions streamline their
management of regulatory information." A handful of former Thomson
Financial senior managers are now at Fortent, and the Inform team
includes Ted Weissberg and Ian Rosen. Kieran Beer, who spent 6 years
at Bloomberg and was also previously at The American Banker, is
Inform's Editor-in-Chief.
Clients rely on Fortent Inform to ensure that they are on top of emerging legislation and regulation, that they understand the impact of changes to the regulatory landscape, and that they effectively inform all of their employees of developments that affect them.
At Fortent, we leverage an accomplished editorial staff that is expert in banking regulation to provide our users with breaking news on bank regulatory matters, in-depth analysis of what the news means, and a vast database of summaries of regulatory documents that saves bankers time while improving their understanding of the documents. We also carefully index all of the documents in our database to facilitate a segmented presentation of the information tailored to the individual user. In addition, we help banks distribute the updates to their employee base and verify that employees have read the documents.
The Fortent Inform database includes all key US banking regulatory documents as well as summaries of all key anti-money laundering documents. As new regulations, legislation, guidance, enforcement actions and other banking regulatory documents are released, we will summarize them quickly and add them to our database.
I
thought the service was extremely well-designed, especially in the way
it could separate the more relevant compliance-related material
depending on user preferences and job function. It
Fortent in the Warburg-funded roll-up of compliance properties
which included Searchspace, Semagix and Alert Global Media. The Inform
press release is here.
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