eLearningClasses.com
Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

BasisCode Compliance Software Selected by Penn Mutual for Internal Audit Group Functions

Leveraging BasisCode Essentials Platform already in place at Penn Mutual Asset Management

The Penn Mutual Life Insurance Company (Penn Mutual) has recently selected BasisCode Compliance software to assist its internal corporate audit group in automating audit tasks, risk assessments, FORMs and certifications.

Founded in 1847 and based in Horsham, Pennsylvania, Penn Mutual (www.pennmutual.com) is one of the oldest mutual life insurance companies in America. The company’s wholly owned subsidiary, Penn Mutual Asset Management, first utilized BasisCode Compliance Essentials and the Personal Trading Manager system in 2017. Penn Mutual Asset Management is a registered investment advisor with over $24 billion in assets under management and is focused on risk-based institutional asset management, advisory and fund operation services.

Essentials offers a comprehensive set of management tools that simplifies management of the core elements of a compliance program and is ideally suited for organizations with simple or complex compliance management needs. The cloud-based system includes testing and certifications, risk assessment, Forms Studio, gifts and entertainment, whistleblower, document portal, robust reporting and a portal for ease of use and seamless interaction with employees. Personal Trading Manager provides Code of Ethics and work flow support totally integrated into a firm’s compliance monitoring system.

BasisCodeComplianceTM (www.basiscode.com), headquartered in Atlanta, offers the industry’s most comprehensive software platform that improves governance and compliance management for financial firms, compliance consultants, law firms and other service providers.

“We are pleased that Penn Mutual will be using our platform for streamlining and updating its internal audit group to manage all of its audits within our application,” said Carlos Guillen, president & CEO, BasisCode Compliance. “For firms like Penn Mutual which offer a wide range of services, BasisCode provides a functional and versatile platform that is not only easy to use but can handle the diverse demands of different groups within the company, including compliance, operations and audit groups.”