Governor Software

regtechcomplianceekyc/aml/cftgovernanceregulatory reportingrisk management

FOUNDING YEAR: 2015
LOCATION: Ireland
Last Update: 08/09/2020

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About

Modern organizations are complex systems. They comprise complex legal entity structures, business models, metrics, risks and opportunities. And all of this is enveloped by complicated ‘rules of the game’ comprising external regulations, internal policies and various competing business objectives. Governor allows a firm to: • Map this complexity out and define the dependent documents, obligations, metrics and owners – all according to whatever corporate taxonomy is appropriate for each element • Monitor the status of each element of the network and understand the causality where underperformance exists • Take appropriate actions to remediate issues • All within a highly innovative visualization of the network and with a full audit trail so that the history of an issue, status or element can be understood Possible use cases: Risk Management, Regulation Management (both Inventory of Regulations and Specific Obligations), Legal Entity / Governance Management, Business Model & Performance Management, Data Lineage and Process Mapping

MEDICI Analysis

Governor Software is a GRC platform that helps senior executives in a company to maintain their regulatory governance and manage risk for their organizations. It enables users to map and visualize various regulatory and policy obligations. It has obtained a licence from the FCA that enables its clients to automatically link internal policies and controls to the FCA Handbook.

Focus

PRODUCTS & SERVICES

Governor Software provides 2 distinct products namely: Risk Management Oversight: It helps the Chief Risk Officer to maintain an overview of risk appetite and tolerance of an organization. The Risk Management Oversight involves various modules like Cyber Risk Oversight, Operational Risk Oversight, Project Risk Oversight, Model Risk Oversight, Credit Risk Oversight and Risk Appetite Oversight. Compliance Management Oversight: It helps senior compliance executives to maintain regulatory governance and oversight through clear visualisation of regulatory obligations. It helps users to communicate obligations, understand their status and evidence their compliance

REVENUE MODEL

SAAS + Content + Consultancy

PRIMARY PROBLEM SOLVED

ERM, ALM and Cyber in one product!

Traction

REVENUE

$100k - $499k

ACTIVE USERS:

4

company provided insights

People

KEY EMPLOYEES:

Paul Manson

Momentum

FUNDED

NO

NUMBER OF FUNDING ROUNDS

1

TOTAL FUNDING

$200 K

DATE OF LAST FUNDING

2017

SEED & PRIOR FUNDING

$200 K

SEED CLOSED ON

May 2017

LISTED

NO

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Governor Software

About

Modern organizations are complex systems. They comprise complex legal entity structures, business models, metrics, risks and opportunities. And all of this is enveloped by complicated ‘rules of the game’ comprising external regulations, internal policies and various competing business objectives. Governor allows a firm to: • Map this complexity out and define the dependent documents, obligations, metrics and owners – all according to whatever corporate taxonomy is appropriate for each element • Monitor the status of each element of the network and understand the causality where underperformance exists • Take appropriate actions to remediate issues • All within a highly innovative visualization of the network and with a full audit trail so that the history of an issue, status or element can be understood Possible use cases: Risk Management, Regulation Management (both Inventory of Regulations and Specific Obligations), Legal Entity / Governance Management, Business Model & Performance Management, Data Lineage and Process Mapping

Focus

PRODUCTS & SERVICES

Governance Risk and Compliance Graph map builder. Custom content build around specific regulations (BCBS239, 265, 271, 328, SMR, etc)

REVENUE MODEL

SAAS + Content + Consultancy

TOP PROBLEM SOLVED

ERM, ALM and Cyber in one product!

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

KEY DIFFERENTIATORS

The power of a Graph applied to the complexity of an organisation to manage Risks, Regulations and Obligations

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

PRODUCT ATTRIBUTES

SaaS

On-premises

Back Office

Traction

ANNUAL REVENUE:

$100k - $499k

ACTIVE USERS/ACCOUNTS:

4 Million

LIVE USERS/TRANSACTIONS:

Yes, in live production

CHANNEL STATUS

MULTIPLE CHANNELS

NUMBER OF CLIENTS OR PAYING CUSTOMERS

2

People

NUMBER OF EMPLOYEES

1-10

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Seed
May 2017
USD200 K
at a USD1.6 Mvaluation