New and Enhanced Features on Compliance.ai: August – September
December 23, 2024
Compliance AI’s latest updates focus on improving your search experience by providing out-of-the-box “Views”. If you are an organization or team admin, start by establishing your organization’s business profile, including selecting jurisdictions and relevant Areas of Focus, such as “mortgage lending” or “human resources.” Your selected jurisdictions and areas of focus establish relevant topics, concepts, regulatory agencies for your organization and your teams. In turn, this allows members of your organization to select organization, team, or personal views to establish searches. In addition, service connector clients can now leverage a new auto labeling capability by linking labels to alerts, allowing you to immediately locate documents of interest according to your company’s preferred taxonomy.
We also continued enriching and expanding our regulatory coverage, including: regulatory updates for banking, customs, cybersecurity, data protection, finance, information technology, insurance, legislations, national security, public service, regulations, securities, and taxation. Our expanding global coverage includes Australia, Spain, India, Korea, Luxembourg, Netherlands, New Zealand, Singapore, Thailand, United Kingdom, and the United States.
Speed up onboarding using our refreshed Business Profiling Capabilities
If you’re an admin, you probably know that the easiest way to ensure your colleagues have access to accurate information in our solution is using Compliance AI’s powerful “default filter” capability. This process enables you to complete business profiling and establish teams with meaningful default filters. To help you make the most of business profiling, we’ve put a spotlight on Areas of Focus (a combination of lines of business and operational compliance focus areas). Now, when you create or edit a team, you’ll have the option of selecting areas of focus, such as “mortgage lending” or “human resources” to help drive your organization’s or teams’ defaults.
To improve team profiles, access our new “Your Organization” functionality and edit your organization as a whole or specific teams.
Your Organization
Speed up and simplify your search with the new Views feature
Tracking the most relevant regulatory content is at the heart of regulatory change management. To help you perform relevant one time research or establish ongoing alerts with minimum effort, we’ve added “Views” to Regulatory search and Enforcement Explorer searches. If you or your organization maintains organization and/or team default profiles, you’ll be able to pre-populate agencies, news sources, concepts, topics and document types that match your own personal defaults, your organization’s defaults, or the defaults established for any teams of which you are a member. Once you’ve selected your preferred view, you’ll receive relevant search results out-of-the-box.
Selecting a View for your Search
Speed up annotation using the new automated Alert to Label associations feature
Labels are the most convenient way to annotate documents and fragments of documents within Compliance AI, allowing you to personalize content and make it more relevant to you and your colleagues. If you are a service connector client, you can take advantage of our new capability to automatically label documents related to your alerts. Simply add one or more labels to your key alerts and benefit from having documents labeled automatically as soon as they are available on the Compliance AI platform.
Associating Labels to Alerts
Auto-labeling relies on a special service connector workflow, so if you’re interested in this capability, but are not currently a service connector client, reach out to us at support@compliance.ai for more information.
Speed up regulatory research using one source for Intelligence: Expanding Coverage
We continued expansion of our regulatory coverage. You can now follow recent regulatory updates across specific lines of business and jurisdictions:
Banking: related updates from New Zealand and the United Kingdom.
Cybersecurity: related updates from Australia, United Kingdom and the United States (Alabama).
Data Protection: related updates from Australia and the United States.
Finance: related updates from Singapore, Spain, South Korea and the United States.
Information Technology: related updates from Singapore.
Insurance: related updates from the United States.
Legislations: related updates from the Netherlands and United States (Utah).
National Security: related updates from the United States.
Public Services: related updates from the United States.
Regulations: related updates from India.
Securities: related updates from Thailand, and the United States.
Taxation: related updates from Luxembourg and the United States.
Customs: related updates from the United States.
Australia: updates from the Australian Department of Home Affairs [AUS-DHA], Office of the Victorian Information Commissioner Australia [AUS-OVIC] and Australian Signals Directorate [AUS-ASD].
India: related updates from Ministry of Electronics & Information Technology [IND-MEITY].
Luxembourg: related updates from Administration des contributions directes Luxembourg [LUX-ACD].
Netherlands: related updates from Netherlands Government [NLD-GOV].
New Zealand: related updates from Reserve Bank of New Zealand [NZL-RB].
Singapore: related updates from the Monetary Authority of Singapore [SGP-MAS].
South Korea: related updates from Korean Financial Services Commission [KOR-FSC] and Korean Ministry of Government Legislation [KOR-MOLEG].
Spain: related updates from La Comisión Nacional del Mercado de Valores [ESP-CNMV].
Thailand: related updates from the Securities and Exchange Commission of Thailand [THA-SEC].
United Kingdom: related updates from Prudential Regulation Authority [UK-PRA] and National Cyber Security Centre UK [UK-NCSC].
United States: updates from the Commodity Futures Trading Commission [CFTC], Center for Internet Security [CIS], Cybersecurity and Infrastructure Security Agency [US-CISA], Committee on National Security Systems [CNSS], Cloud Security Alliance [CSA], Federal Bureau of Investigation [FBI], Financial Industry Regulatory Authority [FINRA], U.S. Customs and Border Protection [USCBP], Alabama Office of Information Technology [AL-OI], Arizona Department of Insurance and Financial Institutions [AZ-DIFI], and Utah State Legislature [UT-SL]
Tip of the Month: Leverage basic advanced search features to fine-tune your alerts
Compliance.ai’s advanced search can seem daunting when you start with a blank slate, you can harness the power of advanced search with a few simple tricks.
If you’re happy with your default agencies and document types, start by selecting your preferred default view using basic search.
Select a View
Modify your agencies, news & premium content sources, topics, concepts and document types to meet your needs, then Convert to Advanced Search to take advantage of additional capabilities.
Tweak your Default Filters & Convert to Advanced Search
Now, if you want to focus on a specific area of interest, you can add a Concept and see exactly how the concept is constructed.
Add a Concept to your Search
To tweak the concept, all you need to do is modify text, or remove or add filters as needed.
Converted search with ESG Concept
Modified ESG Concept
By using these few simple tricks you can build advanced searches with ease.
Please visit Agency Sources within the documentation section of our Developer Platform website and bookmark the pages as we update them frequently!
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.
Regulatory change management solution
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Asif Alam
CEO & Board Member
Asif Alam is the Chief Executive Officer at Compliance.ai. A leader in shaping disruptive technology, his experience includes building products using AI and natural language processing for GRC, payments, lending, risk, trading, and new solutions, from Fortune 500 companies to startups.
In his most recent role, he served as the Chief Strategy Officer of ThoughtTrace, unlocking new revenue streams and markets, and reignite portfolio growth. ThoughTrace was then acquired by Thomson Reuters in 2021.
He brings more than 20 years of management and business experience; increasing profitability, unlocking new revenue streams and markets, and reignite portfolio growth for companies like Thomson Reuters, Crux Informatics, and Finastra. Asif is a forward-thinking expert driving engagement via client forums, public presentations, and white papers.
Cesar Lee is a Principal at WRV, a venture capital fund focused on early-stage investments in hardware, semiconductor, and other technology-related companies. Previously, he was an investment professional at Riverwood Capital, a technology-focused, late-stage venture capital, and private equity fund. He began his career at RBC Capital Markets, where he was part of the Mergers & Acquisitions group for two years and the Equity-linked & Derivatives group for one year. While at RBC, Cesar spent a majority of his time working on M&A advisory transactions for technology companies.
Cesar’s investment experience includes buyouts, later stage, early stage and seed rounds. Cesar has completed transaction in the U.S., Latin America, and Asia, and in technology sectors including data centers, software, semiconductors, consumer electronics, robotics, big data, and internet.
Maria Devassy is a RegTech, Content, and Technology leader with over 20 years of experience helping companies bridge the gap between technology, product, and business. Maria has held leadership positions with MetricStream, KPMG, Oracle Corporation, and other technology companies. She has launched several successful RegTech products, business partnerships, and advised Fortune 100 clients on risk management, audit, advisory, and compliance business across Industries.
Hugh Cadden is a recognized expert in derivative financial and trading markets including futures, options, and swaps. Hugh is currently a senior consultant and expert with OnPoint Analytics, Inc. an economic, finance and statistical consultancy specializing in expert testimony for complex litigation. He has been specializing in the organization, operation, and regulation of financial and trading markets for over 40 years. Hugh’s experience includes both the public and private sectors and he has held senior level positions with the U.S. Commodity Futures Trading Commission including serving as Director of the Division of Trading and Markets and Deputy Director of Enforcement. He has been qualified as an expert on financial and trading market matters before the Commodity Futures Trading Commission, the Securities and Exchange Commission, the U.S. Tax Court, Financial Industry Regulatory Authority, National Futures Association, American Arbitration Association and federal courts.
Drake Ross is a former bank regulator who specialized in compliance with consumer protection regulations while at the OCC, FDIC, and OTS. While at these agencies, he provided extensive training and guidance and developed materials to ensure full comprehension and proper application of rules, laws, policies, and guidance, and served as a Subject Matter Expert in numerous areas. Because of his expertise, he often presented at agency and industry events. He also played a significant role in successful windup of the 2008 IndyMac Bank failure, where because of his extensive knowledge of the FDIC deposit insurance regulations, he was called upon to administer highly-complex insurance determinations.
Carliss Chatman is an Assistant Professor of Law teaching Contracts, Agency and Unincorporated Entities, Corporations, and Transactional Skills. Her work is influenced by over two decades of service on non-profit boards and involvement with community organizations. Through leadership positions, she has developed expertise in corporate governance and non-profit regulation. She has also been instrumental in strategic planning and fundraising efforts. Prior to law teaching, Professor Chatman was a commercial litigation attorney in Houston, Texas. In practice, she focused on trial law, appeals and arbitration in pharmaceutical, health care, mass torts, product liability, as well as oil, gas, and mineral law. In addition to negotiating settlements and obtaining successful verdicts, Professor Chatman has also analyzed and drafted position statements regarding the constitutionality of statutes and the impact of statutory revisions for presentation to the Texas Legislature.
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Mariam is an Operating Principal at Cota Capital. Mariam has experience providing guidance on strategic and operational planning to Venture and Growth stage companies. Prior to Cota Capital, Mariam spent her career in management consulting as a Director at KPMG. She has experience leading global transformation programs and developing innovative service offerings for Fortune 500 companies in the Technology sector. Mariam has an MBA from UCLA’s Anderson school of management with an emphasis in Finance and Entrepreneurship. She has a Bachelors in Science in Finance and a Bachelors in Science in Economics from Santa Clara University.
Chris Callison-Burch is an Associate Professor in Computer and Information Science Department at the University of Pennsylvania. His research interests include natural language understanding and crowdsourcing. He has served the Association for Computational Linguistics as the General Chair for the ACL 2017 conference, as an action editor for the Transactions of the ACL, as an editorial board member for the Computational Linguistics journal, and an officer for NAACL (the North American chapter of the ACL) and for SIGDAT (the special interest group for linguistic data and corpus-based approaches to natural language processing)
Tom Ladt is an experienced executive and investor. Tom has lead and served on the boards of several public and private companies serving highly regulated industries such as technology, healthcare, real estate, and food processing. Tom has also served in key governmental roles and on numerous community boards.
Jeroen Plink is a global executive with a proven track record of developing and growing businesses, teams, and technologies with innovation and passion. Jeroen was CEO of Practical Law US during its acquisition by Thomson Reuters. He now serves on numerous boards and acts as a strategic consultants for start-ups.
Global Legal and Compliance executive with 15+ years of success in the SaaS technology and financial services industries. Partner to the CEO and executive team in corporate transactions, business development, product expansion, and regulatory navigation during periods of intense growth and organizational change. An advocate of effective risk management that starts with sound business practices and putting the customer first.
Richard Dupree has held multiple Risk, Compliance and Operations positions at regional, national, and global financial services firms including Wells Fargo, Silicon Valley Bank, Bank of the West and BNP Paribas. Rick currently advises FinTechs and RegTechs and sits on industry panels, contributes to industry whitepapers, thought leadership efforts, and speaks at industry seminars on Risk and Compliance challenges faced by banks and FinTechs.
Brian advises clients on legal and regulatory compliance in the financial, tech, and procurement sectors. His passion is helping businesses succeed in heavily regulated environments. As counsel and trusted advisor to businesses of all sizes, and as a former regulator, policymaker, and federal official, Brian acutely understands the unintended burdens that even well-intentioned government requirements can put on innovation and business growth, as well as how to create policies that strike the right balance.
Brian served as National Ombudsman in the Obama Administration, leading the federal Office of Regulatory Enforcement Fairness in assisting hundreds of startups, entrepreneurs, and small business owners in every industry and every state.
Dr. Marsha Ershaghi Hames is Managing Director of Strategy & Development at LRN, a leader in advising and educating organizations about ethics and regulatory compliance, as well as corporate culture, governance and leadership. With the focus of inspired behavior versus required behavior, LRN is a leading voice in the industry for companies to build ethical cultures instead of “check-the-box” compliance approaches. She’s advised Department of Justice corporate monitors on successful program transformation under CIAs (Corporate Integrity Agreements. With over 20 years of experience in leading multinational ethics and compliance strategies, Marsha has become a highly sought-after thought leader on leading Corporate Compliance and Ethics practices.
Carla Carriveau is currently the Senior Managing Counsel at Wealthfront, an automatic investment service firm in Redwood City, California. Carla was previously Senior Counsel, Division of Trading and Markets, at the United States Securities and Exchange Commission. As a former regulator with over 15 years of experience in helping small businesses navigate legal and regulatory needs in the financial services sector, Carla advises Compliance.ai on financial services regulation, the regulatory landscape and industry practices.
