Thomson Reuters Corporation : True Office and Thomson Reuters Partner to
Accelerate Enterprise Gamification
Financial services firms to benefit from business-critical regulation and
LONDON; February 07, 2013 - True Office, the company that gamifies regulatory
and compliance training, today announces a product development and
distribution partnership with Thomson Reuters, the world's leading source of
intelligent information for businesses and professionals, to create a range of
new applications to address regulatory and compliance training requirements
for financial services firms globally.
The deal will bring together True Office's expertise in gaming, mobile
applications and analytics with Thomson Reuters comprehensive governance, risk
and compliance content to develop a suite of new products including anti-money
laundering, data privacy and Dodd Frank. Together these will enable financial
institutions to more effectively plan, manage and implement compliance
training programs and assess risk across their organizations.
Commenting on the news, True Office Executive Chairman Cristóbal Conde said,
"The challenge of regulation and compliance in today's financial environment
is twofold: first, transforming training from a punitive tax into an
opportunity to promote more responsible corporate citizenship and second,
gathering data to quantify risk in a complex regulatory environment. Few, if
any, applications outside of gamification can successfully engage employees
while generating actionable data."
Gartner, the information technology research company, has predicted that 40
percent of Global 1000 organizations will use gamification as the primary
mechanism to transform business operations by 2015. Gartner expects enterprise
gamification to surpass consumer gamification in 2013 with the worldwide
gamification market growing from $242 million in 2012 to $2.8 billion in 2016.
"The reputational risks and fiduciary costs associated with compliance are
what keep our clients awake at night," said Thomson Reuters Managing Director
of Enterprise Risk Management, Andrew Neblett.
He added, "The combination of gamification technology and analysis with
high-quality risk and compliance e-learning content will be of real benefit to
our clients. It will allow them to clearly identify and track areas where
compliance training may be needed within their organization and respond to
those needs as well as accelerating the businesses ability manage and mitigate
"The True Office/Thomson Reuters partnership will break open new possibilities
for banks, allowing them to convert mandatory compliance training into an
impactful and quantifiable experience at a fraction of the cost of traditional
methods," concluded True Office Founder and Chief Executive Adam Sodowick."
True Office is pioneering a new industry standard for regulatory compliance
training that aligns with Thomson Reuters' customer proposition for
governance, risk and compliance."
Both True Office and Thomson Reuters will be attending FinovateEurope, in
London on 12-13 February.
About True Office
The multi-billion dollar mandatory compliance training market has been largely
ignored by technological innovation until True Office. True Office Founder and
Chief Executive Adam Sodowick started the company in 2011. Based in New York
City with offices in Boston, True Office creates data-rich, mobile games that
help companies reduce risk and save money, transforming mandatory compliance
training into a fun, intelligible and quantifiable experience. Squarely in
line with key enterprise trends such as tablet and smartphone usage, mobile
apps and cloud services and decision analytics, True Office designs and
delivers products for a contemporary mobile workforce.
True Office was chosen to participate in the 2012 FinTech Innovation Lab. The
program, which is run by the Partnership for New York City Fund and Accenture,
supports the development of cutting edge technologies for the financial
services industry in New York City under the guidance and mentorship of chief
technology officers and other senior executives from 12 of the world's major
financial institutions as well as executives from leading venture capital
About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for
businesses and professionals. We combine industry expertise with innovative
technology to deliver critical information to leading decision makers in the
financial and risk, legal, tax and accounting, intellectual property and
science and media markets, powered by the world's most trusted news
organization. With headquarters in New York and major operations in London and
Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and
operates in over 100 countries. Thomson Reuters shares are listed on the
Toronto and New York Stock Exchanges. For more information, go to
For True Office
+44 (0)207 935 4800
+44 (0)207 935 4800
For Thomson Reuters
+44 (0) 20 7542 0561
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Thomson Reuters Corporation via Thomson Reuters ONE
Press spacebar to pause and continue. Press esc to stop.