Modern employee compliance software enhances Intapp’s risk management offerings, creating a holistic set of compliance solutions for professional and financial services firms
Intapp, a leading provider of cloud software for the global professional and financial services industry, announces that it has acquired Paragon Data Labs (Paragon), a leading cloud-based employee compliance software solution provider. The employee compliance solution addresses regulatory compliance by leveraging advanced technology to monitor, identify, and manage employee adherence to firm policies in a centralized location.
This new offering from Intapp, to be marketed as Employee Compliance, combines personal trading
oversight, employee disclosures, and attestation management to help firms stay aligned with
regulations and protect against reputational risk. The solution monitors, maintains, and presents
comprehensive, normalized data to compliance professionals in a way that makes it easy to spot issues
and take action. By centralizing all components of employee compliance––such as personal trading,
outside activities, personal independence, and political donations––in a highly configurable
environment, compliance teams are empowered to find and remediate personal conflicts of interest and
code of ethics violations.
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Key benefits of the employee compliance solution for professional and financial services firms include:
• Accelerated pre-c******** process — Streamlined and automated workflows use broker data
connections and alerts to quickly discover conflicts of interest for analysis and processing.
• Centralized employee access — Promote employee engagement and timely completion of
documentation while enabling compliance teams to track employee progress and send
notifications, reminders, and escalations when needed.
• Holistic view of employee activities — Centralized data and dynamic reporting dashboards
move firms away from spreadsheets and disparate systems, allowing compliance teams to easily
spot connections and draw conclusions.
• Auditable system of record — Comprehensive history of compliance checks is easy to pull for
company management or regulators.
The stand-alone employee compliance offering enhances Intapp’s industry-leading suite of risk and
compliance products. Additional Intapp risk and compliance solutions leverage AI to thoroughly evaluate
new business, onboard clients quickly, improve conflicts c********, ensure limited access to sensitive
matters, and monitor relationships for compliance throughout the client lifecycle. The comprehensive
set of solutions is designed to help professional and financial services firms manage their industry specific regulatory and reputational risk needs, turning risk and compliance management into a
competitive advantage.
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“We have seen firms place an increasing focus on ensuring employees remain in continual compliance
with different––and often quickly evolving––regulatory standards and a desire for the associated
workflows and data to be integrated into their wider compliance processes,” said Nigel Riley, General
Manager of Risk and Compliance at Intapp. “Paragon’s capabilities will let us address personal regulatory
requirements such as SEC code of ethics, personal independence, and employee trade monitoring,
and—in combination with our existing risk and compliance solutions—provide a comprehensive
compliance solution for our clients.”
Paragon Data Labs was founded in 2020 by three former BlackRock employees, including Paragon CEO
Jefferson Mitchell, who will join Intapp to lead the employee compliance business line. In addition,
Intapp will welcome his team of product, engineering, support, sales, and sales engineering specialists,
who bring deep experience in and understanding of the ever-changing compliance environment.
“We are thrilled to see Paragon Data Labs move forward as a part of Intapp, creating a much-needed
holistic compliance offering for professional and financial services firms,” said Mitchell. “Intapp’s broad
and diverse client base, as well as its expansive reach in the market, make the company the ideal fit to
bring our vision for Paragon to the market we knew it was designed to serve.”
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