TPG Software Partners with Risk Priorities in Expanding Regulatory Technology Capabilities to Customers
HOUSTON – January 5, 2016
TPG Software Inc. and Risk Priorities Inc. announced a strategic partnership, which will enable TPG Software’s customers (banks, broker dealers and credit unions) to use the Risk Priorities patent-pending Regulatory Technology (RegTech) software platform to address significant regulatory and compliance challenges.
The Risk Priorities solution enables a company to digitize and automate its highly manual, fragmented processes currently used to manage interactions with regulators. The Risk Priorities product is unique, in that, its combined features, data and business intelligence help Financial Services companies to drive proactive behaviors and better decision-making when interacting with regulators. For customers, this provides great value through return on investment and increased profitability, reduced fines/legal fees/regulatory issues, substantially lower compliance costs, more successful outcomes with regulators and a heightened ability to execute a company’s business model while improving its compliance culture.
Regarding the strategic partnership, John Humphries, CEO of Risk Priorities, said “We are excited to collaborate with TPG Software and its customers to deliver our innovative RegTech software products and services. The recent RegTech phenomenon is a global paradigm shift and a strategic opportunity, which can help customers to successfully execute their business models in the context of a safe and sound global financial system.”