FinovateEurope 2013 / True Office
Presenter Profile:
How they describe themselves: For centuries, humans have been hardwired to learn through stories and play. True Office is the first company to gamify regulatory compliance training, a multi-billion dollar market that until now has been largely ignored by technological innovation.
Designed for a global workforce, True Office creates data-rich compliance games that help companies reduce risk and save money, transforming mandatory compliance training into a fun, intelligible and quantifiable experience. True Office’s real-time testing, assessment and risk analytics translate into measurable ROI in the form of reduced legal and compliance risk.
How they describe their product/innovation: By playing the True Office | Thomson Reuters Anti Money Laundering desktop and mobile app, financial services employees are exposed to the regulatory risks they confront and learn how to comply with anti money laundering laws and company policies. The data generated from this app provides financial services institutions with compliance analytics that help identify and reduce instances of AML risk.
Contacts:
Bus. Dev. & Sales: Neha Gupta, neha@trueoffice.com
Press: Lauren Prince-Wright, Account Manager Gong Communications, lauren@gongcommunications.com, +44(0)20 7935 4800, +44(0) 7794 988 752
Website: trueoffice.com
Twitter: @trueoffice
HQ: New York, NY, USA
Founded: January 2010
Product Demoed: True Office | Thomson Reuters Anti Money Laundering App
Product Launch: February 2013
Metrics: 20 employees. Winner of the 2012 Fintech Innovation Lab. Seven-figure product development and distribution partnership with Thomson Reuters Accelus, extending its coverage to over 1,400 banks globally. 30+ financial services compliance apps currently in production.
- Key Executives
Adam Sodowick (Founder & CEO), Tim Smith (CTO & Former SVP Information Technology, Fidelity Investments), Jason Shore (CFO & Former Operating Officer, Yankee Group)
Key Stats
- Key Board Members
Cristobal Conde (Executive Chairman & Former President & CEO, SunGard), David Eisner (Director & Former President & CEO, TheMarkets.com), Patrick Wack (Director & Former CEO, IntraLinks)
- Key Investors
A Fortune 500 investment bank, Rho Ventures (rhoventures.com), Partnership for New York City Fund (nycif.org), Contour Venture Partners (contourventurepartners.com)
- Key Partnerships
Thomson Reuters Accelus | Governance, Risk & Compliance
- Key Customers
Banking and financial services (e.g. Thomson Reuters), healthcare & pharmaceutical