I’m pleased to share the news that six companies are now actively using the Assure Due Diligence & Risk Control solution, with a further two companies to be added over the next fortnight.
Feedback has been very positive, with users praising the system for its ease-of-use and ability to organise and execute Risk Management operations.
Against the regulatory backdrop of the PhonepayPlus (PP+) 12th Code, pro-active and preventative Risk Management is essential, and Assure DDRC has been developed from the ground up to assist with exactly that. Over the past 12 months there have been at least half a dozen infringements of PP+ rules in this area, carrying fines up to £150,000.
Most beta trial organisations already had existing procedures for performing Due Diligence of clients and Risk Control of clients’ services, and so it has been interesting to compare Assure with existing installed systems. Users have found that, as a bespoke system, Assure is ideally suited to manage Risk Management operations and requires significantly less time to add new Clients/ Services, manage tasks as well as interpret results and produce reports.