OCC : Online Compliance Consortium

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About the OCC

 

By pooling intellectual resources the OCC firms are able to guarantee that they develop the highest quality solutions that are fit for use by all of the World’s leading firms. At the same time they are able to share the development and support costs across all OCC member firms.

The ongoing benefits of the OCC solutions to OCC members and the profession as a whole are clear. This is a self-perpetuating model.

  • A group of self selected OCC members form a project group of core e.g. the AML Core group and the Risk Management Course Group.
  • The Core Group determines exactly what online training content and tools they need.
  • The development fees are shared equally by the Core Group firms
  • The courses and or tools are then marketed to other OCC firms and non-OCC firms.
  • The other OCC firms know that if they license an OCC product they are getting a high quality solution, developed by leading firms for leading firms.
  • The License fees are used to pay the marketing, maintenance and support costs and a percentage contribution is made to that Core Group’s Development Fund
  • The Development Fund is used to pay for or subsidise the next new courses or tools.