McCann FitzGerald launches credit reporting compliance app

McCann FitzGerald has launched a new app to help businesses comply with their obligations under the Credit Reporting Act 2013.

The new Credit Reporting Compliance App is the latest in a suite of AI-driven legaltech applications produced by the Dublin-based law firm to “revolutionise the delivery of legal services”.

The new “competitively priced” app enables both regulated and non-regulated credit providers to assess whether their business comes within the scope of the Credit Reporting Act; identify where there are gaps in their compliance; and determine whether a particular transaction is within the scope of the Act or not.

The law firm’s partnership with Neota Logic, creators of a leading AI platform, was announced last year and led to the launch in February of its first app, designed to help businesses with GDPR compliance.

Barry Devereux, managing partner at McCann FitzGerald, said the firm was delivering “more efficiency, flexibility and innovation” to its clients through its “Progressive Delivery” approach.

Josh Hogan, partner and head of the firm’s financial services regulatory group, said the latest app “greatly simplifies the process for providers of credit in terms of their understanding of how they should approach the Act, as well as being a usable tool for regular compliance audits and ongoing transaction-by-transaction checks”.