Press Release: Quarter 1 2021

Trailight enters 2021 with strong growth across the business.

Notwithstanding the continuing difficult conditions globally as a result of the Coronavirus pandemic, Trailight has entered 2021 with strong growth and a number of new customers.

With upcoming deadlines such as the extension of the Conduct Rules and Directory submissions to 31st March 2021, and with working remotely still at the forefront of many work environments, collaboration and regulatory systems are still critical to businesses. This has meant our SM&CR solution has seen yet more growth as we meet our customers regulatory needs within the financial services industry.

In addition, as the financial sector has turned its attention from SM&CR compliance to ensuring competence, Trailight’s T&C platform has also seen an increase in customers. This has resulted in considerable growth in our PRM platform which now manages an additional 250 users across all of our customers.

Since the end of Q3 2020, Trailight has closed new contracts for an additional 30 legal entities including 2 banks, 2 Asset Managers, 2 Insurers and 1 Wealth Manager.

David McNair Scott, CEO of Trailight, said “It’s fantastic that we continue to thrive in these uncertain times. These wins are reflective of our now market leading position. I am so proud that our business has stood up to the challenge of going remote without missing a beat”.

Read the full release here Trailight Press Release Q1 2021