My Compliance Centre today formally announced its Spring ‘25 Release. This introduces major upgrades to the Compliance Monitoring and Registers Apps, new management information dashboards and vast design enhancements that improve the user experience and make it even easier to use and implement.
Jenny Kenlin, Head of Customer Engagement at My Compliance Centre, explains “client feedback has been at the heart of our Spring ’25 Release. We’ve included new features clients asked for, and used practical system use case examples to inform product design and automation process improvements.”
The Spring ’25 release is the next phase of a major upgrade to My Compliance Centre that started in December 2024 with the launch of an improved FileChecker App.
According to Eric Addy, Technical Product Owner at My Compliance Centre “We are delighted to launch the Spring ’25 Release on time and with such excellent new functionality. It lays the foundations for a really exciting 2025 product development schedule that’s going to see us incorporate the latest technologies to continue to improve the customer value proposition.”
Key highlights of the Spring ’25 Release:
New and upgraded Compliance Monitoring App:
- Adopts a risk-based approach to compliance monitoring.
- Allows teams to define their key risk areas and implement a company-wide monitoring programme.
- Makes it clear what needs to be done and by whom.
- Controlled from a central dashboard that offers ‘real time’ management information and makes it easy to track progress and make informed decisions when revising or enhancing monitoring.
- Task assignment automation processes ensure that no task is missed and information is clearly recorded.
Upgraded Registers App:
- Users can customise their own Registers or choose from a library of over 60 Governance, Risk and Compliance registers.
- Covers compliance, risk and controls, including Consumer Duty and DORA statutory registers.
- Supports the management of complex workflows in relation to risk and compliance processes, for example assignment of responsibilities and approval processes.
- An ‘auto-renewal’ feature allows key records to be reviewed and updated when due without any additional input from the compliance team. Management information dashboard show the status and compliance teams can set their own notification triggers to keep them informed.
Other improvements:
- Updated interface that is more user-friendly and intuitive.
- Expanded and improved Management Information Dashboards.
CEO, Ben Mason commented “too many compliance teams are controlled by their legacy technology. They spend too much time on record keeping, administration and report writing and not enough time interpreting information and decision making. MCC’s upgraded Apps help to address this problem, delivering significant benefits to our clients.”
About My Compliance Centre
My Compliance Centre offers a comprehensive set of Apps that support modern risk and compliance functions. These Apps help our clients to power their risk and compliance productivity by eliminating routine administration and using extensive MI dashboards to improve the identification and management of regulatory risk.
My Compliance Centre supports more than 200 legal entities and over 10,000 people use our system.