(Des Moines, Iowa – February 18, 2020) – Regulatory compliance firm PolicyWorks today announced it has acquired ViClarity, an international technology provider based in Ireland. ViClarity distributes the governance, risk and compliance (GRC) platform of the same name developed and launched in 2008. The award-winning ViClarity platform was initially developed for the credit union industry in Ireland and is now used by more than 300 clients in financial services and other regulated industries across Europe and North America.
ViClarity was named to the 2019 REGTECH 100 list, which is billed as a collection of the world’s most innovative regtech companies. Their full-service and fully customizable platform, with more than a decade of proven effectiveness, allows users to identify, monitor, score and report on GRC-related issues. In contrast to similar platforms, ViClarity offers an expedited onboarding process that gets most users up and running within weeks, quickly adding automation and ease to existing processes and procedures.
PolicyWorks’ credit union partners will be able to schedule a demonstration of the ViClarity platform immediately. PolicyWorks, including ViClarity team members, will be attending the CUNA Governmental Affairs Conference in Washington D.C., Feb 23 – 25, 2020. The team will provide demonstrations from booth No. 542 at various times throughout the conference; personal appointments can also be scheduled by reaching out directly to PolicyWorks.
“Agile, iterative technology that can quickly adapt to the ever-changing regulatory environment is a crucial asset for credit unions of all sizes,” said Miriam De Dios Woodward, PolicyWorks CEO. “Our ownership in such a platform gives credit unions greater influence over how the technology will evolve to meet today’s dynamic regulatory landscape. ViClarity’s architecture and skilled team are exactly what PolicyWorks needs to expand our services into the broader GRC space and support credit unions beyond compliance consulting.”
PolicyWorks has served as a resource for more than 1,200 credit unions across the country with compliance and audit services. As governance and risk functions continue to cross paths with compliance, PolicyWorks plans to add new services in 2020 to meet growing demand for products and consultation in these areas. With its three-pronged focus on governance, risk and compliance, the ViClarity platform aligns well with PolicyWorks’ product and services roadmap. The platform was chosen from among hundreds evaluated by the PolicyWorks team.
“The infusion of support from another provider that proudly supports the cooperative model is something of a dream scenario for our shop,” said ViClarity Founder and CEO John Ogie Sheehy. “Our future depends on great partnerships with leaders who believe in our mission and values. We’re excited to share our love of technology and passion for making GRC easier more broadly among U.S. credit unions and look forward to working with the people of PolicyWorks to do so.”
ViClarity will become available as a product of PolicyWorks, while they continue to provide services to clients across Europe and North America.
PolicyWorks is a national leader in credit union compliance solutions for more than 1,200 credit unions across the country. PolicyWorks has the resources, vision and experience necessary to help clients resolve their most challenging compliance issues. PolicyWorks is owned by Affiliates Management Company, holding company of the Iowa Credit Union League, the California and Nevada Credit Union League, and the Ohio Credit Union League. For more information, visit www.policyworksllc.com.
ViClarity is an award winning provider of audit, risk and compliance management solutions to the financial and healthcare sectors. ViClarity is a global organization headquartered in Kerry, Ireland with offices in Boston, Massachusetts. Since its founding in 2008, ViClarity’s GRC management platform is a proven technology solution currently being utilized by more than 300 organizations in the financial services and healthcare sectors. Learn more about ViClarity at www.viclarityus.com.