Admiral teams up with StarCompliance to implement SaaS SMCR compliance solution By CIOTechOutlook Team

Admiral teams up with StarCompliance to implement SaaS SMCR compliance solution

CIOTechOutlook Team | Thursday, 23 February 2023, 08:42 IST

The market-leading Individual Accountability Regime (IAR) SaaS solution from StarCompliance, a top supplier of employee compliance technology solutions, was chosen by Admiral to help the company comply with the FCA's Senior Management & Certification Regime in the UK (SMCR). With its headquarters in Cardiff, Wales, Admiral is a financial services firm that provides lending and loans, as well as insurance for cars, homes, pets, and travel. Admiral will support more than 7,500 of its employees in the UK using Star's SaaS compliance platform.

Regulatory Advice Manager at Admiral Mark Oram stated, "We conducted a market analysis and chose StarCompliance's IAR system based on its usability and capabilities. We are looking forward to working with the StarCompliance team because they have been informed and accommodating throughout the implementation process."

Companies like Admiral can efficiently handle their duties under the SMCR requirements thanks to Star's IAR solution. By automating checks and workflows, it streamlines and offers uniform business operations while guaranteeing that crucial data is accurately collected in a central repository. The system also delivers access to all individual accountability compliance data via a single, integrated platform, providing a clear, accurate accountability trail for both internal and external audit reasons.

"Our new partnership is a significant milestone for Star," said Gary Muchmore, Star's Head of International Business Development. "We are experiencing a period of record growth in the UK and it's thrilling to be able to include Admiral amongst our list of over 300 global clients."

Star has more than 20 years' expertise providing flexible compliance solutions, servicing a global client base across a broad range of financial services and corporate clients. Financial businesses may decrease risk, improve efficiency, and increase employee compliance programmes' uptake with the aid of Star's scalable and user-friendly employee conflicts of interest monitoring platform.