Business Fortune
Cleversoft GmbH is a leading provider of innovative and cloud-based regulatory technology solutions (RegTech) for financial services. Since its establishment in 2004, this Munich-based company has put the improving efficiency of regulatory processes for financial institutions on the top of its agenda, automating everything from compliance tasks to financial crime prevention processes. Already, Cleversoft has over 300 businesses in its global client base and is continuously championing digital transformation for the financial services industry.
A Tool for Visionary, Seamless Compliance with Financial Services
Holistic regulatory compliance is the foundation of Cleversoft's work. The company offers an end-to-end solution that optimizes the regulatory tasks of the entire financial services industry. Florian Clever, Cleversoft GmbH CEO, succinctly summarizes the mission: "one-stop shop for all regulatory issues," which includes services for complicated regulations handling such as MiFID II, Solvency II, and PRIIP, in addition to automating compliance activities for financial crime detection.
The ForensicsCloud is one of Cleversoft's top features, which acts as an efficacious instrument for financial crime monitoring and prevention. By utilizing AI and highly intricate algorithms, ForensicsCloud has the capability to handle millions of transactions on a daily basis, substantially reducing the amount of labor work. A lower risk of fraud occurs along with higher operational efficiency, thus allowing financial institutions to concentrate on more value-adding tasks.
Winning Teams for New Age Solutions
Essentially, Florian Clever attributes to Cleversoft the best team in highly talented professionals in the field-the company has recruited all these diverse teams from fresh university graduates to well-seasoned experts all over different fields. "It takes exceptional talent and commitment to develop solutions for restrictions," says Clever. He added to finding the right people for the company, "who have the skill, and the chemistry as well." Senior leadership lays the culture of its collaborative work and thus attract top talent whose aim aligns with that vision of Cleversoft as innovation in the financial sector.
Learning from the Giants of the Industry
To Clever, inspiration for his leadership came mainly from these popular names in the business world, as Musk, known for his intense focus on the consumer. He is actually taken in by Musk's ability to push out innovation around the needs of the end user. That focus on customer-centric solutions seems to be a principle that Clever has adopted into Cleversoft's approach to financial services compliance. As he puts it, "An eye to the market for what solves really market problems is necessary to be a successful CEO."
Top Advice for Aspiring Entrepreneurs
It's easy enough advice but quite deep: "Make every effort to work hard," Clever tells someone who hopes to follow in his footsteps. Such a straightforward approach to work ethic has certainly helped him in propelling Cleversoft into the market leader spot in the cloud-based RegTech arena. According to Clever, success must be driven not just by innovation but also by dedication and effort to bring those changes to fruition.
As Cleversoft expands its coverage to global markets and continues to bring forth innovations, the company has become a sure bet to remain among financial compliance technology's leaders for many more years to come.
About the Leader
Florian Clever, Chief Executive Officer of Cleversoft GmbH, is an entrepreneur of long standing experience, having founded Clevers Software Solutions in 1999 and running Cleversoft Group today, taking care of the M&A, strategy and building of the companies.
