Kaizen Reporting has acquired Single Rulebook, a software solution for the management of regulatory rules which was formed last year.
Single Rulebook provides a solution that lets firms search, share and manage the multitude of complex regulatory rules on a single digital platform.
Kaizen explained the solution offers firms a search and navigation functionality that set out visual guidance on interdependent regulations and the correlations between the various regulatory rules.
Additionally, Single Rulebook can be integrated into a firm’s existing policies, systems and controls.
Dario Crispini, CEO of Kaizen Reporting, commented: “The acquisition of Single Rulebook further enhances our offering to compliance teams struggling to cope with the burden of regulatory rules and ensures that they are not only able to interpret them properly but also report on the actions and course they have taken internally.”
Single Rulebook was established by Wim Nelen, a former regulator and head of compliance, and Stefan Hendrickx, a technology entrepreneur and expert in natural language processing.
Commenting on the acquisition, Nelen, CEO of Single Rulebook, said: “We are thrilled to be part of Kaizen. Having recognised a fundamental gap in the market for a software that helped firms manage the numerous and ever-changing regulatory rules we designed and built Single Rulebook.”
“By joining Kaizen we will be able to offer clients a full range of services to help them reduce their regulatory risk. What differentiates us from other firms is the software’s ability to search, navigate, collaborate and integrate with a firm’s existing policies, systems and controls,” Nelen added.
In September, Kaizen acquired MDM Compliance Systems and launched its Shareholding Disclosure Service which provides a shareholding monitoring and reporting solution to all financial institutions who are exposed to disclosure requirements.
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