RegTech firm Red Oak Compliance has ranked on the Inc 5000 list for the fourth consecutive year.
The annual Inc 5000 list is the most prestigious ranking of the fastest-growing private firms in the US and represents a one-of-a-kind look at the most successful companies within the independent business segment.
Red Oak claims it remains focused on expanding its suite of RegTech resources and providing organisations the tools they must need to build lean, efficient compliance processes and teams.
During the past three years, Red Oak has developed or enhanced specific compliance modules designed to streamline advertising review workflows and create a centralised solution for disclosure management for the enterprise; released an automated solution for licensing and registration management; and a centralised process for complaint management, tracking, and analytics.
Red Oak Compliance Solutions CEO Stephen Pope said, “Red Oak continues to grow because of our focus on providing clients innovative technology solutions that more effectively mitigate risk and help increase efficiencies in their processes.
“As both the speed of doing business increases and teams face being tasked with more responsibilities, financial institutions and investment firms recognize Red Oak’s comprehensive suite of advertising compliance and RegTech tools as a competitive differentiator.”
Pope added that the firm’s customer-first mentality contributes to its success and drives its future strategy.
He continued, “By combining a strong focus on agile development with a commitment to high-touch support and deep subject matter expertise, Red Oak can be highly responsive and develop best-in-class tools that address customers’ top compliance pain points and needs.”
Red Oak Compliance, which automates the licensing and registration process, has helped a client reduce the potential for human error in processes.
The unnamed client had previously used a homegrown software system and process that varied from group to group across the company. Final products at the end of its marketing reviews had the potential for inconsistency, it said.
Furthermore, the company has limited ability to search their databases when making across-the-board disclosure updates, leaving them open to risk from outdated information or expired content pieces.
