Today, a breakthrough tracking system for harried compliance professionals, KM PolicyWatch, has launched.

A formidable new weapon for bankers and broker-dealers who spend untold amounts of time, energy, and resources to stay on top of their industry’s constantly shifting regulatory landscape now have is now in their arsenal. A leader in web-based compliance solutions for highly regulated industries, Knowledge Mosaic LLC, announced today the release of a product created in direct response to feedback from the world’s leading investment and banking firms, called KM PolicyWatch. Amending their internal policy manuals to reflect the many changes that occur in Agency and SRO rules and regulations, the tool aims at what has become a tedious, error-prone, and complicated exercise for compliance professionals. Linking a company’s data to the relevant external rule, and alerting the user when a rule is changed or added, KM PolicyWatch automates this process.    

Along with federal and state legislation meant to make the industry more accountable for its practices, the financial industry has felt, in recent years, the burden of an increasingly complicated regulatory infrastructure. In such a climate, traditional methods of compliance are proving to be evermore time-consuming and labor-intensive. The industry, as a result, has been eager for alternatives that promise improved accuracy, efficiency, and record-keeping ability.

With a web-based platform that is customizable to a given organization’s unique needs and data, founder and president of Knowledge Mosaic LLC, Peter Schwartz, noted his company’s new tracking system is designed to serve a wide variety of needs within the banking and broker-dealer sector.

said he and his colleagues in Seattle are excited about the launch. Schwartz declared: “We’re very optimistic, not only because we are proud of this product, but because it seems so well-suited for its moment. I don’t think it’s an exaggeration to say that KM PolicyWatch has the potential to revolutionize compliance management for banks and brokerage firms, in a way that is comparable to how the internet has revolutionized the way we manage and experience data. The playing field is much narrower, but the idea is the same. In a few years, we will look back on current methods of compliance management in much the way that we now view the electric typewriter.”