Alpha Reply, the Reply Group company specialising in machine learning and digital transformation of banks and FinTechs, today announced its new partnership with regulatory technology company ClauseMatch. Under the agreement, Alpha Reply will be implementing and integrating the ClauseMatch RegTech solution for policy management and compliance at financial institutions worldwide.

 

The ClauseMatch solution for regulatory change management and policy management portal will be integrated with other platforms thanks to its open APIs. Thus, ClauseMatch becomes a building block of the Alpha Reply offering, a part of a bigger change process, which also involves GRC, AML and cloud-based custom - AI/ML driven solutions. Besides, Alpha Reply is actively exploring the convergence of big data with artificial intelligence. This domain will be further developed in cooperation with ClauseMatch where machine learning capabilities are applied for enhancing the use of the solution in the regulatory space.

 

"This strategic partnership with ClauseMatch is an important step forward in Alpha Reply’s strategy. They know the technology part really well, while we have the regulatory and business expertise to help our customers streamline their compliance operations. This partnership will allow us to bring digital compliance to our clients quickly, allowing them to save on costs and reducing regulatory and operational risks." -  Julien Recan, Associate Partner at Alpha Reply, commented.

 

"We feel inspired and privileged to start this new relationship with Alpha Reply. All the experience in the field combined with the focus on the market and their needs will help to simplify and accelerate the adoption of regulatory technology, which is key to many financial institutions of any size at present, " Anastasia Dokuchaeva, Head of Partnerships at ClauseMatch said.

 

Previously, in 2017, ClauseMatch went live with Barclays for policy management and compliance globally. The platform is currently being used by several global financial institutions.

 

Reply functions as a network of highly specialised companies working with leading banks and financial institutions to develop solutions for the most important business areas including compliance. The company is increasingly active in the digital transformation of Europe’s financial institutions, working with the leading players in the market. For instance, among the clients of Reply are global banks such as Morgan Stanley, RBS, HSBC, Natixis, BNP Paribas and Pictet.