PwC Legal Business Solutions’ Rule Scanner wins “Disruptive Technology of the Year Award” at ALM Law.com’s 2024 Legal Innovation and Technology Awards
A PwC’s global Legal Business Solutions team (PwC Legal) has been recognised in ALM Law.com’s 2024 legal awards with a “Disruptive Technology of the Year” accolade for the development and deployment of an innovative financial services regulatory horizon scanning tool, Rule Scanner. The award, which was accepted by members of PwC’s global banking and financial services legal team during an awards ceremony in London this month recognises PwC’s market-leading innovation across the legal industry.
Frankfurt, January 5, 2024
Developed by Dr. Michael Huertas, a PwC Legal Germany Partner and Global Financial Services Leader, and his team, Rule Scanner is a cutting-edge horizon scanning tool, designed to empower legal and compliance professionals, leveraging award-winning RegTech from Corlytics. Rule Scanner simplifies how financial services firms can track, triage and tackle regulatory developments from over 1,600 legislators, regulators and policymakers in over 170 jurisdictions, the tool, which is backed by trusted managed (legal) solutions from PwC Legal can be tailored to meet a specific organisation’s regulatory horizon scanning needs.
We are proud to have been recognised for the market innovation of our Rule Scanner tool, which we developed to solve our financial services clients’ regulatory horizon scanning problems. In addition to Rule Scanner’s intuitive interface and robust capabilities, our clients also benefit from a range of managed (legal) services to support their needs.
He adds: “Our Legal Business Solutions team comprises over 4,000 legal professionals in over 100 countries - including over 450 financial services lawyers and specialists – allowing us to offer a truly global service to clients with Rule Scanner and the breadth of managed solutions are available for client-specific customisation according to market and industry focus and is capable of rapid deployment around the globe. As a team we were particularly touched by one of the judges’ testimonies that Rule Scanner is the "best legal tech tool and managed solution they have seen in 20 years. This accolade is a testament to the transformative impact PwC Legal and Rule Scanner has had on the industry, simplifying complex regulatory compliance processes through adopting a lawyer-led, AI powered solution to client’s problems through unifying tech and managed solutions.”
We’re delighted to see that our innovative approach to harnessing tech plus trusted managed solutions has been so well received in the market and amongst a rigorous review process. We’re already looking ahead at launching further AI-capabilities in the Rule Scanner interface as well as the managed solutions components of what we bring to market for the benefit of our clients.
In attendance to accept Law.com’s award in London were:
- Dr. Michael Huertas (PwC Legal Business Solutions – Partner and Financial Services Global Legal Leader)
- Bridget Uebel (PwC Legal Business Solutions - EMEA Clients & Markets Strategy Director)
- Kevin King (PwC Legal Business Solutions – Partner, UK Financial Services)
- Lisa Rasmusson (PwC Legal Business Solutions – Partner, UK International Business Restructuring)
- Andreas Traum (PwC Germany – Partner, Digital Assets and Capital Markets Leader)
For more information about Rule Scanner, please visit: https://store.pwc.de/en/products/rule-scanner
About PwC Legal Business Solutions:
In our global, rapidly changing business world, cooperation, restructuring, transactions, financing and social responsibility are topics that increasingly concern our clients. They need legal certainty for a wide range of complex tasks. That is why we advise them holistically and in close cooperation with PwC’s tax, human resources and finance experts and our international legal network in over 100 countries. Whether a globally active company, a public corporation or a wealthy private individual, every client has a personal contact at our firm who supports them responsibly in all matters of commercial law. In this way, we help our clients to secure their economic success in the long term.
PwC Legal Business Solutions in Germany. More than 370 lawyers at 18 locations. Integrated, tech-powered legal advice.
