E3 Compliance Training Ltd

Welcome to the twelfth Spotlight of our Ashurst FinTech Spotlight series, where we are covering FinTech companies that were part of our FinTech Legal Labs Cohort and other promising FinTech companies.

We are delighted to introduce E3 Compliance Training Ltd (E3) as a spotlighted company in this series. If you are interested in suggesting a company to be covered under this series, or are interested in meeting or finding out more about any of the companies we are featuring as part of this series please do not hesitate to contact us.

E3 Compliance Training Ltd – About the Company

Compliance risk is increasing a strategic issue for organisations and successful delivery of any compliance programme needs effective training. It is essential that staff understand their regulatory obligations and act on it on a day to day basis.

Unfortunately today, much of the supporting training is ineffectual "box ticking" focussing on completion rather than effect undermining the development of a robust compliance regime.

E3 have changed the paradigm using games to make compliance training effective and data analytics to drive insights so training gets completed and people learn rather than just "ticking a box".

With their approach, over 95% of people complete their courses without being chased and the majority of players taking courses more than once, sometimes many times.

The data they deliver helps firms with their risk management process and we have helped firms identify process issues that were not visible to senior management without their insights data.

Key Advantages

The E3 approach drives engagement in an space seen traditionally as really boring. Compliance training is a key part of a firm's risk management approach and they believe that engagement is key. People take and enjoy E3 courses so they learn more. They even see players taking the course more than once to get a better score, an effect they see more in the hard to reach groups such as sales teams.

E3 dramatically reduce the administration cost through their "nudge" programme which effectively moves people through the course to completion.

E3 generate insights for their clients identifying where an organisation or team strong or weak in terms of regulatory compliance. Their approach provides auditable and actionable data to direct compliance improvement programmes.

*Ashurst LLP does not endorse or recommend any particular product or investment opportunity