TCC finalists in ifs Innovation Awards
Bradford and London-based compliance specialists The Consulting Consortium (TCC) has been shortlisted in the 2009 ifs Financial Innovation Awards for its TCF Frameworker product.
The Awards, organised by the ifs School of Finance which are now in their 12th year, celebrate innovation, change and excellence in the financial services industry. Chosen from what is understood to be over 200 entries, the shortlist is now down to just five outstanding innovations in the category of ‘Technology Vendors - Most Innovative Financial Services Solution’.
The TCF Frameworker was developed to act as a central repository for clients data and provides excellent management information. The scalability of the product makes it relevant for organisations of any size and helps dramatically reduce preparation time for FSA visits as the data, if completed properly and regularly updated, provides all the required elements to prove compliance.
It also allows compliance professionals to remotely monitor TCF data and ensure compliance throughout the entire company for simple and up-to-date overall assessments.
Joanne Smith, chief executive & creative officer at The Consulting Consortium, said:
“We are delighted to have been shortlisted for this prestigious award especially as it is amidst such esteemed company. By talking to clients and firms working within financial services we swiftly recognised that organisations were finding it very difficult to demonstrate their compliance to the FSA’s TCF initiative. Following extensive research and experience in helping clients through their TCF projects, we were able developed a thorough understanding of the problems and the real challenges faced by firms. As a result of this TCC built a robust and cost effective solution in the TCF Frameworker tool that enables firms to demonstrate TCF compliance. It is critical that the solution remains simple and easy to use so it has been developed as a web based solution therefore making it easily accessible. This online element has enabled us to keep costs down for firms, especially for those organisations with a wide geographical spread.”
For further information please contact:
Joanne Smith, managing director at The Consulting Consortium; Tel: 0207 645 8808; Mobile 07775 623134; Email: jsmith@theconsultingconsortium.com
Scott Philipson, White Dragon Communications Ltd, Mobile: 07786 226520; Email: scott@whitedragoncomms.co.ukNotes to editors
Founded in 2000, The Consulting Consortium (TCC) is a regulatory consultancy which provides advice and guidance on activities regulated by the Financial Services Authority and, in particular, the application of the FSA's regime on financial services products.
With offices in London and Yorkshire, The Consulting Consortium's consultants offer innovative, fully FSA compliant and long term solutions to client's individual regulatory scenarios. The Consulting Consortium's sister company, TCC Recruit, specialises in recruiting staff for regulatory compliance, risk and corporate governance positions.
The Consulting Consortium is quality conscious at all times and offers clients a quality of service which is unsurpassed in the regulatory industry.
The consultant database is hand picked and managed by The Consulting Consortium’s own full time resource. This allows The Consulting Consortium to be highly responsive to clients needs whilst offering exceptional service and value for money.
The Consulting Consortium's sister company, TCC Recruit, specialises in recruiting staff for regulatory compliance, risk and corporate governance positions.
The Consulting Consortium (TCC)
107 Cannon Street
London
EC4N 5AF
Telephone: 020 7645 8808