Hive Legal and Neota Logic team up to provide Financial Services organisations with an innovative compliance App

Hive Legal and Neota Logic team up to provide Financial Services organisations with an innovative compliance App

AUSTRALIA28 April 2016 –  Hive Legal, an innovative law firm which embraces the use of technology to provide it’s clients with efficient solutions has teamed up with Neota Logic, a global provider of intelligent software for legal and compliance, to develop the Hive Legal Super App. The online App assists regulated superannuation funds to streamline and bring greater consistency to their breach assessment process. This initiative will help clients to reduce potential risks in real time.

By combining significant and practical financial services legal expertise and the smart use of technology, the ‘Hive Legal Super App’ assists funds to assess the materiality of incidents which may involve regulatory breaches that are reportable to ASIC and APRA. It also provides a way of documenting the considerations taken into account when determining if the incident is reportable.

Jodie Baker, Managing Director, Hive Legal said, ‘It is part of Hive Legal’s DNA to combine its highly sophisticated legal expertise with the power of intelligent technology like Neota Logic. Hive Legal is focussed on leveraging this ‘legal techspert’ combination to provide solutions which can be easily used by clients to apply legal logic and improve their processes and systems.  Highly regulated industries such as financial services are perfectly suited to this methodology and we will be developing more and more in the future’.

Julian Uebergang,  Managing Director, Asia Pacific, Neota Logic, commented,  ‘ We are delighted to partner with Hive Legal to create the Hive Legal Super App. It is an ‘easy to use’  compliance system that is a great use case for our software and its development has been made easy by working with a forward thinking firm like Hive Legal’.

About Hive Legal

Hive Legal is a contemporary law firm which offers high quality corporate and commercial legal advice to its clients, but in a very different manner to traditional law firms. Hive Legal Principals have moved on from the large law firm structure – bringing collaboration, slim infrastructure and a contemporary working style to its clients, unhindered by legacy infrastructure and process. Hive Legal embraces the smart use of technology to bring legal solutions and greater efficiencies to its clients.  For more information visit www.hivelegal.com.au  and specifically in relation to the app see http://hivelegal.com.au/tools/

About Neota Logic

Neota Logic is a global provider of intelligent software for the legal and compliance industries. Combining rules, reasoning, decision management and document automation, the company’s easy-to-develop smart applications enable business solutions that deliver process improvements, reduce risk and ensure compliance. Neota Logic applications are mobile-ready, can be embedded within portals and websites and integrate easily with other systems. For more information, please visit http://www.neotalogic.com.

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