Desjardins subsidiary implements Amadeus for compliance control

Compliance with regulations and standards, long-term maintenance of this compliance and the evaluation of the financial and operational risks represent significant challenges for a life and health insurer facing an increased regulatory environment, such as Desjardins Financial Security. Insurers must conform to the legal and regulatory requirements to which they are subject while integrating seamlessly the management and control of compliance into their operational cycles. By using the eQCM(R) compliance process control suite of Amadeus, a life and health insurer will increase its profits, improve its customer satisfaction, reduce the risks of penal and administrative sanctions and reinforce its corporate image.

The implementation of eQCM(R) across Desjardins Financial Security will enable proactive control of regulated processes and will deliver actionable intelligence to every level of management providing real-time access to compliance-related processes.

Mr. Clement Clement of Desjardins Financial Security stated "the deployment of our corporate initiative called for a solution that addressed the ability to manage legal references, compliance risks, and ultimately non- conformances and corrective actions associated with our business processes. Amadeus' eQCM(R) compliance process control suite provided us with the exact solution for our long term compliance agenda. This deployment falls under the operational effectiveness program that is part of the strategic plan of the company."

"We are pleased that Desjardins Financial Security has embraced eQCM(R) in their pursuit of a comprehensive compliance solution. The selection of eQCM(R) by Desjardins Financial Security further validates our strategy to broaden our position as a leader in the compliance automated solutions for the financial services market", commented Yves Leblanc President and CEO of Amadeus.