ComputingNews
KnowYour Customer
Dr RichardCollett
Anyone associated with the financial andprofessional services sector in the Cayman Islands within recentyears will be familiar with the "Know Your Customer"guidelines. These guidelines were developed in order to maintainthe integrity of the Cayman Islands financial sector and are theresult of increased local anti-money laundering legislation andinternational pressure.
The implication of these guidelines is thatmany companies have had to implement comprehensive complianceprograms to ensure their business is operating in conformity withall applicable laws and regulations. These compliance programscan result in an extensive level of paperwork and potential repetitionin the data collection process, with few software solutions availableto resolve this issue.
A key player in the software solutions forcompany and trust management marketplace ViewPoint Software forBusiness has developed ViewPoint 4000. This is software designedto provide a complete solution for statutory and financial managementof companies and trusts. A key feature of this software is thehandling of relevant compliance issues in multiple jurisdictions.
Dr Richard Collett, the local technologyservices company MegaTron Ltd lead specialist on ViewPoint 4000software explains, "ViewPoint 4000 is a software solutionthat provides the ability to automate compliance checks, thusultimately increasing productivity and cost saving for the clientwhile maintaining an add value service"
Dr Collett joined MegaTron Ltd in 1999 andheads up the company's Internet, E-commerce and Software DevelopmentGroup. He has been working with ViewPoint software since his arrivalto the company, commenting "ViewPoint 4000 software offersa unique feature with a compliance inspector that works in conjunctionwith the master file to counter check details with offence listsfurnished by authorities".
Dr Collett will be speaking at an upcomingViewPoint Seminar featuring guest speaker Rolf Heemskirk, ViewPoint'sChief Executive Officer. The complimentary seminar provided byMegaTron Ltd is to be held at the Hyatt Hotel Beach-Side, RoyalCrown Conference Room on June 11th. Although numbers are limitedenquiries and registration for the seminar are welcome at MegaTronLtd. Phone 949 8263.