Comparitec Group is a market leading credit and comparison technology company. Home to four innovative FinTechs – Creditec, Digitonomy, Uplift Money and thimbl – it saves consumers precious time and money, and has already grown to a team of over 30.
Comparitec’s mission to evolve financial comparison from basic, inaccurate sites to personalised journeys and results is necessary – but full of risk.
Although Comparitec had always taken risk and compliance seriously, like most SMEs, it struggled with time, resources, and cost.
The Comparitec team badly needed visibility over all their risks and were conscious that one slip-up with the regulators could bring everything crashing down.
Their compliance manager knew his team didn’t have the same resources as enterprise businesses, but they also knew they were quickly outgrowing spreadsheets.
They decided to implement RiskSmart, specifically, our Risk and Control and Compliance modules, and they haven't looked back since.
With RiskSmart, they now have one reliable location for all things GRC, saving them an incredible 25 hours a month which they use to go after more ambitious projects. Today, many of their processes are automated and they find it easy to prove compliance to auditors.
Alex Kosuth-Phillips, Compliance Manager at Comparitec says: “RiskSmart’s Compliance module has changed our entire approach. As an SME, we were always intimidated by regulation. Now I feel prepared for anything that comes our way. I finally have time to work on strategising, more ambitious projects, and tackling our backlog of nice-to-haves I never thought we’d get around to."
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