Privacy-as-a-Service solution provider Keepabl has partnered with regtech company ClauseMatch. The collaboration will enable Keepabl to better manage policies and procedures in accordance with General Data Protection Regulation (GDPR) guidelines, as well as with U.K. Privacy in Electronic Communications Regulations (PECR). At the same time, ClauseMatch will use Keepabl’s GDPR SaaS solution to manage its own privacy governance and GDPR obligations.
“Maintaining policies and procedures properly is of major importance for managing your risk and governance – and being able to show good governance is key when you’re winning business or being audited by customer or investors,” Keepabl CEO and founder Robert Baugh explained. “ClauseMatch allows us to organize all of our policies, procedures and controls in a structured manner on a single platform, available for the next review cycle and compliance checks, in an auditable format with all the track records of who did what presented in a complete audit trail.”
ClauseMatch CEO and founder Evgeny Likhoded credited Keepabl’s technology for making ClauseMatch’s privacy governance “simple and efficient.” Headquartered in London and founded in 2012, ClauseMatch provides smart document management, including real-time document collaboration solutions, for banks and other FIs. A member of CB Insights Fintech 250 and an alum of Barclays accelerator program, the company began the year working with another Finovate alum, Revolut, to help the digital bank meet regulatory and compliance requirements as part of its expansion to Singapore.
“We’re delighted to onboard Keepabl onto the ClauseMatch platform to make their policy management collaborative and auditable,” Likhoded said of this week’s alliance. “Our partnership is a great example of mutually beneficial collaboration between two RegTech companies creating a richer ecosystem and greater clarity and value for customers.”
Keepabl demonstrated its GDPR Compliance Platform at FinovateEurope 2019. The technology provides financial institutions with the resources they need – such as Article 30 records, Data Map analysis, Breach Response, and Processor Management – in order to remain compliant with GDPR regulations. Founded in 2017 by a 13+ year veteran implementer of compliance programs for mid-market organizations, Keepabl accounts for the fact that compliance issues like GDPR are typically the responsibility of human resources, marketing or IT teams rather than specialists in privacy issues. To this end, the company offers a cloud-based solution that makes it easier for both large and small FIs to both meet their compliance needs and, importantly, demonstrate their compliant status to partners and regulators alike.
Keepabl’s partnership with ClauseMatch is the London, U.K.-based firm’s latest collaboration this fall. In September, Keepabl announced that data discovery service provider Folding Space would join its Privacy Stack, an initiative launched by Keepabl that helps businesses stay abreast of GDPR compliance and other regtech solutions. Also that month, Keepabl and regtech company Alpha Reply agreed to work together to offer Alpha Reply’s customers a “holistic, practical, and flexible GDPR compliance service.”