After turning into a worldwide group, regulatory compliance consultancy PolicyWorks LLC formally modified its title final week to ViClarity.
In early 2020, Des Moines, Iowa-based PolicyWorks bought ViClarity, primarily based in Kerry, Eire, a worldwide supplier of governance, danger administration and compliance software program options applied sciences for extremely regulated industries. monetary companies, insurance coverage and well being care.
The title change was the final step within the means of consolidating the 2 entities beneath one model, which supplies companies to just about 1,000 prospects.
Moreover, Miriam De Dios Woodward, CEO of ViClarity World, mentioned the brand new model title is best aligned with the corporate’s broader governance, danger and compliance experience, in addition to its deal with technological options for RCMP professionals.
Former PolicyWorks companion credit score unions is not going to expertise any disruption to their contacts, merchandise or options, as service to the credit score union trade will stay on the coronary heart of the enterprise. ViClarity will proceed to supply federal compliance assist, audit companies, GRC administration options, thought management and coaching beneath the brand new model.
The corporate’s relationships with the credit score union leagues to supply compliance advisory assist and entry to PolicyAid will stay in place, in response to the assertion ready by ViClarity.
“Organizations from all sectors, together with the credit score union motion, have begun to understand the good thing about bringing collectively the historically disparate capabilities of governance, danger and compliance,” mentioned De Dios Woodward. “GRC as a cohesive pressure has additionally created a necessity for cross-functional know-how to extend transparency, effectivity and entry to real-time knowledge. That is exactly what we provide by means of the ViClarity GRC platform and our GRC session companies for credit score unions.
The ViClarity GRC platform was developed in 2008 and is led by ViClarity World CIO John Ogie Sheehy, who manages the corporate’s European operations in Kerry.
ViClarity’s services and products will likely be accessible for an expanded set of extremely regulated market sectors, together with healthcare and insurance coverage.
“As we offer entry to different industries, the depth of data and experience of our crew will profit credit score unions much more by means of a broader context of GRC greatest practices and methods,” mentioned De Dios Woodward.