Our platform’s most recent enhancements are aimed at centralizing user management, and speeding up managing tasks & providing focused search results specific to you. These include enhancements to user management, new concepts that speed up your focused searches, improved data visibility, and task management capabilities for admins.
We also continued enriching our regulatory coverage, not only by introducing new concepts, but also by expanding our content coverage: regulatory updates for legislations, regulations, banking, finance, consumer affairs, securities, and telecommunications related matters across the globe including Australia, Brasil, Canada, France, Germany, Hungary, Japan, Mexico, and the United States.
Simplified User Management: SCIM API Empowers Azure AD Integration and User Filtering
Compliance.ai’s SCIM API now fully supports Azure AD integration, allowing our users to effortlessly manage user provisioning and access on our platform using their existing IAM (Identify Access Management) systems.
To further enhance user management capabilities, we’ve introduced a filter in the SCIM GET /users method. With this filter, applications can easily retrieve specific individual users instead of receiving a complete list of users. This feature plays a vital role in achieving seamless Azure AD integration, providing more flexibility.
If you or your IT team would like to manage users via your own corporate identity access/roles management system rather than using Compliance.ai’s web-based user management capabilities available in our Team and Pro editions, visit Compliance.ai SCIM Identity Management to get started as well as test the experience using our Interactive API under the SCIM dropdown.
For additional assistance, contact us at email@example.com.
Integrate Concepts into regulatory review for a more efficient and focused process
Constructing the best possible search for key regulatory changes can be challenging. That’s why we continue to enhance our library of concepts. Concepts are automatically tagged on all documents available in our platform, allowing you to locate critical regulatory changes and associated documents related to specific topics with one click.
Our latest concepts focus on Broker/Dealer and Securities, and include:
Broker/Dealer: Duties of Care
Broker-Dealers are required to use reasonable diligence to seek to obtain and analyze the customer-specific factors.
Broker/Dealer: Reporting requirements
Broker-dealer duties of care refer to the legal and ethical obligations that broker-dealers have to act in the best interests of their clients, make suitable recommendations, provide adequate disclosure and due diligence, and avoid conflicts of interest.
Broker/Dealer: Suitability obligations
Broker-Dealers are required to file periodic reports depending on their jurisdiction.
Securities: Asset-backed securities
Debt securities are financial instruments that represent a creditor relationship between an investor and an issuer, where the issuer is borrowing money from the investor and agreeing to pay back the principal amount of the loan with interest over a specified period of time.
Securities: Climate & Sustainability
An equity security is a financial instrument that represents an ownership share in a corporation.
Securities: Debt Securities
Asset-backed securities finance pools of familiar asset types, such as auto loans, aircraft leases, credit card receivables, mortgages, and business loans. In one way or another, these asset types represent contractual obligations to pay.
A derivative security is a financial instrument whose value depends upon the value of another asset. The main types of derivatives are futures, forwards, options, and swaps. An example of a derivative security is a convertible bond.
Securities: Equity Securities
A foreign exchange spot transaction, also known as FX spot, is an agreement between two parties to buy one currency against selling another currency at an agreed price for settlement on the spot date.
To use any of our concepts within a search, simply add the concept of interest to your basic or advanced search, and then add other attributes such as agencies, jurisdictions, or publication dates to further narrow your results.
If our new broker/dealer and securities concepts apply to your business, don’t forget to select them in your Default Filters so they are automatically added to your search when you access the Timeline or conduct your own searches.
All concepts associated with regulatory changes are listed in the Details right panel, giving you higher visibility to assess the potential impact of a regulatory change before you review the entire document.
Our concept library is expanding all the time. If you have suggested concepts that would benefit you, reach out to us at firstname.lastname@example.org and we’ll work with you to further extend our concept capabilities.
For a list of all Concepts provided by Compliance.ai, please check out our Concept documentation on developer.compliance.ai.
Increase consistency in decisions: New obligation-level workflows help you analyze regulatory changes at the right level for the task at hand
In February, we revamped workflow capabilities to enable you to create workflows that can be completed at the document level, the obligation level or both. This change was designed to ensure you can analyze obligations consistently and more comprehensively.
Now, to help you manage your new obligation-level tasks more efficiently, we’ve added obligation tasks to our Manage Tasks tool. If you are an Org, Team, or Workflow Admin, you can leverage Manage Tasks to auto complete, auto uncomplete, or delete tasks, including obligation-level tasks in bulk. The delete or auto complete options can be particularly useful if you update a workflow alert and receive an unexpected influx of tasks.
More information at your fingertips with enhanced “Details”
Compliance.ai is constantly adding new sources to help you get the most out of our platform. In many cases, when we add new sources, we make recently published documents available for your convenience. To help you quickly identify “archival” documents that you can now see via your alerts, workflows, or searches, we’ve added the “Added to Compliance.ai Date” to our Details right panel.
For example, if you search for documents published by one of our newer sources, updates from the Reserve Bank of Australia (AUS-RBA), you’ll notice documents published in previous months, but only “Added to Compliance.ai” recently.
Remember, if you want to exclude previously published documents from your searches or alerts, be sure to add “Published in the last x days” as part of your search criteria.
For details, check out our tip of the month at the end of this blog.
Speed up Regulatory Intelligence research: One Source for Regulatory Intelligence: Expanding Regulatory Coverage
We continued expansion of our regulatory coverage. You can now follow recent regulatory updates across specific lines of business and jurisdictions across a variety of business and operational topics and jurisdictions:
Banking: related updates from the United States, Hungary, and Australia
Consumer Affairs: related updates from Quebec and British Columbia.
Finance: related updates from Canada, France, and Mexico.
Legislations: related updates from Alabama, Wyoming, Kansas, Mississippi, and Germany.
Regulations: related updates from Colorado.
Securities: related updates from Alabama, Nunavut, Brasil, and Japan.
Telecommunication: related updates from Canada.
Australia: updates from the Reserve Bank of Australia (AUS-RBA).
Brazil: updates from the Comissão de Valores Mobiliários (Securities and Exchange Commission) (BRA-CVM).
Canada: updates from the Financial Consumer Agency of Canada (CAN-FCAC), Canadian Radio-Television and Telecommunications Commission (CAN-CRTC), British Columbia Consumer Protection Authority (CAN-BCCPA), Office of the Superintendent of Securities Nunavut (CAN-NUOSS) and Financial Transactions and Reports Analysis Centre (CAN-FINTRAC).
France: updates Autorite de Controle Prudentiel et de Resolution (French Prudential Supervision and Resolution Authority) (FRA-ACPR)
Germany: updates Bundesministerium der Justiz (DEU-BMJ)
Hungary: updates from the Magyar Nemzeti Bank (Hungarian National Bank) (HUN-MNB).
Japan: updates from the Japan Securities Clearing Corporation (JP-SCC)
Mexico: updates from the Comisión Nacional para la Protección y Defensa de los Usuarios de Servicios Financieros (National Commission for the Protection and Defence of Users of Financial Services) (MEX-CONDUSEF).
United States: updates from the Department of Justice (DOJ), Federal Deposit Insurance Corporation (FDIC), Alabama Securities Commission (AL-ASC), Alabama Legislature, Colorado Attorney General (CO-AG), Kansas State Legislature (KS-SL), Mississippi Legislature (MS-LEG), Wyoming Legislature (WY-LEG).
Tip of the Month: Declutter your Compliance.ai alerts and workflows
Compliance.ai is constantly adding new sources to ensure we continue to provide the most comprehensive source of regulatory intelligence in the industry. When we add new sources, we don’t just start bringing in new documents going forward, we typically add older documents so you can take advantage of existing documents.
While access to older documents can be extremely helpful, they can “clutter up” your alerts and workflows. To avoid this problem, we recommend you update your alerts to include publication date. Adding Publication Date “in the last” x days or weeks to your alerts is a particularly useful way to solve this problem because this will ensure your alerts always remain current.
To add publication date to an existing alert, select the alert in question from Notifications and select Edit. When editing your alert, simply add the publication date to the search, choosing “in the last” if you want to take advantage of this feature.
You might also want to consider selecting the “official only” checkbox for Publication Date. This allows you to exclude documents for which Compliance.ai has used the date on which the document was added to the platform. This is used to provide an approximate date when no publication date is available from the source. In this case, particularly when we are adding a new source, these documents might be months or even years old.
If you are trying to update an advanced search alert to exclude documents without an official publication date, select the “Include Unofficial Publication Date” and choose “False”.
Update your Default Filters at any time to take advantage of our new regulatory sources.
We hope you enjoyed this product update!
Client feedback is always welcome. Please contact our support team with any questions or feedback or schedule a time to review our new features. Remember that you can always access the Training Center under the Help (?) section of the platform for more information.
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