ClauseMatch right match for Barclays compliance
London-based ClauseMatch, a 2014 graduate of the inaugural Barclays accelerator programme, will provide its editor to the bank. This tool turns a “fragmented workflow” of Word documents, PDFs and e-mails and replaces them with a single solution.
Steven Burman, global head of compliance operations and frameworks at Barclays, says the platform “will enable us to manage all of our global policies and standards more efficiently and effectively across the bank while providing the potential to link to other solutions easily through their API”.
ClauseMatch’s solution works as a browser-based collaborative document editor containing in its core a workflow, where comments, approvals and changes are a part of an audit trail, providing control of content. Every change and approval made in a document is tracked.
According to ClauseMatch, in the past three months, over 300 employees were onboarded to its platform, with thousands more due to get started this year.