Xiir Study Reveals Who Tackles Compliance Oversight Best

Dublin, Ireland, May 29, 2020 --(PR.com)-- New look at compliance oversight factors shows that small
financial institutions are outperforming their larger peers across the Asia-Pacific region and Europe.

Contrary to popular belief, smaller financial institutions are actually more transparent in their compliance
demands than many larger firms, according to Fergal O’Connor, the founder and CEO of Xiir, an
Enterprise Ireland-backed next-generation oversight platform.

In an interview with the Irish Business Plus magazine, O’Connor – a serial technology entrepreneur –
said that he believes that supporting technology for compliance oversight is not widespread.

“The way that it happens now, and effectively has for 100 years, is still done often by manual processes,”
he said. “Automation is badly needed to ensure factors like governance, compliance and risks are secure
and easily maintained.”

O’Connor added, “What we’re finding when we look at the data is that those sorts of issues, around
governance, controls and the people running a company are as important, or more important, than the
financial ability of an entity to repay.”

“More and more people care about reputation, and more and more they care about the effectiveness of
having strong oversight in place to protect this,” he added.

To examine perceptions of risk, Xiir surveyed all sized financial institutions about how effective their
oversight processes were performing. According to the findings, smaller sized companies generally were
considered as less risky than larger companies.

By examining across all business risk and compliance areas, Xiir found that small and medium sized
companies in particular routinely outperform larger sized companies in having effective oversight of
compliance and risk.

Specifically, the most effective sized companies, according to Xiir, reside within companies that have a
workforce between 100 and 500.

“When you look at why smaller companies outperform larger ones,” O’Connor said. “It may boil-down to
the fact that these companies are nimbler and the owners have more interest to care about ensuring good
performance and compliance outcomes.”

Xiir delivers One-Click Oversight to simplify compliance and risk governance ensuring better business
decisions and outcomes for all company sizes.

About Xiir
Xiir is a new easy-to-use technology platform for senior managers, the board and the executive or

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front-line management teams to simplify, automate and improve the effectiveness of oversight. Xiir
overcomes the challenges of governing business compliance, risk and control processes. Based in Dublin,
Ireland, Xiir provides oversight technology to a growing number of financial institutions and across other
industries. For more information about Xiir, its technology, team or services please visit
www.seniormanagers.com.

Access Xiir's Press Room

Media Contact:
Niamh Curran
353-1-6991690
sales@xiir.com

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Contact Information:
Xiir
Fergal O'Connor
353879481721
Contact via Email
https://seniormanagers.com

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You can read the online version of this press release at: https://www.pr.com/press-release/813558

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