Our platform’s most recent enhancements are aimed at helping you improve your regulatory compliance processes. This includes enhancements to our Glassdoor feature, workflow capabilities, and new concepts that speed up your focused searches.
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, securities, and telecommunications related matters across the globe including Australia, Brazil, Canada, France, Italy, Luxembourg, Mexico, and the United States.
Reduce ambiguity of content status by looking through our Glassdoor
To help you keep track of the processing status of the regulatory sources most relevant to you, Compliance.ai provides a “Glassdoor” feature for admins (upon request, which can be sent to: support@compliance.ai). Within Glassdoor, you can check the status of not only all regulatory sources selected in your default filters, but also sources referenced within your alerts.
Our latest Glassdoor enhancements help you pinpoint specific sources, either using your default filters or based on one or more of your alerts. This new search capability is designed to help you identify specific problematic sources and implement backup plans as necessary.
If you are an API developer, you can also leverage our new Glassdoor endpoint to complete your research. Explore the Glassdoor Endpoint in our interactive API.
Bring consistency to your compliance decisions by incorporating approvals in your workflows
You can already specify task approvers for workflow tasks. We’ve now added an extra layer of control, enabling administrators to choose a primary approver for any task.
Assigning a primary approver not only “buttons up” the approval process, it also simplifies task completion for the assignee. Now, instead of selecting the most appropriate approver, all the assignee needs to do once they’ve completed their task is click the “Submit for approval” button.
If your regulatory change process requires approvals, try our new approval functionality. Simply access your existing workflow, select the “Require approval” checkbox and add the preferred approver for any task requiring a secondary approval. Next, simply delete your existing “approval” task from the workflow.
Manage Workflow: Selecting the primary approver.
Tasks Completion: Approval Process
Submit Task for Approval
Approve or Reject Task
Speed up your regulatory research by integrating Concepts into your regulatory review
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 Employment and Deposits, and include:
Concept Name
Description
Employee privacy
An employee privacy policy is documentation specifying an organization’s rules and procedures for gathering, using and disclosing the personal information of former, current or prospective employees.
Workplace Health and Safety
Employers are required to comply with a vast array of health and safety regulations.
Anti-discrimination
It is illegal for an employer to discriminate against a job applicant because of his or her race, color, religion, sex, national origin, age, disability or genetic information.
Equal pay
Equal pay regulations require that men and women in the same workplace be given equal pay for equal work.
Workers’ Compensation
Workers’ compensation is insurance that provides cash benefits and/or medical care for workers who are injured or become ill as a direct result of their job.
Minimum wage
Regulations on the minimum amount of remuneration that an employer is required to pay wage earners for the work performed.
Fees and charges
Regulations may require banks to disclose fees and charges associated with deposit accounts, such as maintenance fees, transaction fees, or overdraft fees.
Minimum Balance Requirements
Regulations may specify minimum balance requirements for certain types of deposit accounts, such as savings accounts or checking accounts.
Interest rates
Regulations may limit the amount of interest banks can offer on deposits or require banks to disclose interest rates to customers in a specific way.
Deposit Insurance
Regulations may require banks to participate in deposit insurance programs to protect their customers’ deposits in case of bank failure.
Deposits – General
Funds that customers place into a bank account, such as a savings or checking account, which the bank holds and may use for lending or investment purposes.
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 deposits and employment 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.
If you are an API developer, you can also leverage Concepts via our API
If you would like to leverage this endpoint in your application, please visit our interactive API. Check out our “References API” section for detailed instructions on integrating the Concept endpoint.
Our Concept library is expanding all the time. If you have suggested concepts that would benefit you, reach out to us at support@compliance.ai 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.
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 Australia, Brazil, Canada, France, Italy, and Luxembourg.
Finance: related updates from Quebec (Canada), France, the United Kingdom, and Louisiana (USA).
Legislations: related updates from France, New Hampshire, New York, and South Carolina.
Regulations: related updates from Canada, France, and Mexico.
Securities: related updates from Yukon (Canada).
Telecommunication: related updates from Canada.
Australia: updates from the Reserve Bank of Australia (AUS-RBA).
Brazil: updates from the Banco Central do Brasil (Central Bank of Brazil) (BRA-BCB).
Canada: updates from the Bank of Canada (CAN-BOC), Canadian Radio-Television and Telecommunications Commission (CAN-CRTC), Government of Canada (CAN-GOV), Autorité des marchés financiers (CAN-QCAMF), and the Yukon Superintendent of Securities (CAN-YTSOS).
France: updates Autorité de contrôle prudentiel et de résolution (French Prudential Supervision and Resolution Authority) (FRA-ACPR), Autorite de marches financiers (FRA-AMF), Banque de France (FRA-BDF), Direction générale des Finances publiques (Directorate General of Public Finance) (FRA-BOFIP), Parliament of France (FRA-PARL).
Italy: updates from the Bank of Italy (ITA-BDI)
Luxembourg: updates from the Luxembourg Bankers Association (LUX-ABBL), Luxembourg Justice Department (LUX-AJ), and the Banque Centrale du Luxembourg (Central Bank of Luxembourg) (LUX-BCL).
Mexico: updates from the Government of Mexico (MEX-GOV).
United Kingdom: updates from HM Treasury (UK-HMT).
United States: updates from the Federal Deposit Insurance Corporation (FDIC), Louisiana Office of Financial Institutions, New Hampshire General Court (NH-GC), New York State Legislature (NY-SL), South Carolina General Assembly (SC-GA).
Tip of the Month: Need to maintain labels across document versions? Let our Label Service Connector do the work for you.
Labeling documents is an easy and convenient way to enrich documents with information you can share across your organization. For example, you might want to add controls, topics, or even project names to ensure that you and your colleagues can find the most critical documents for your research needs.
The only trouble is, labels are static while regulatory documents change. If you’re a Team Edition or Service Connector Edition user, you’re in luck. Our special labeling service connector automatically adds labels from prior versions of a regulatory document to newer versions as soon as they are available on the Compliance.ai platform!
If you are interested in having us implement this capability for your organization, reach out to us at support@compliance.ai and we’ll put our bot to work for you.
Label Version 1 …
… and let the Service Connector do the rest
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
Compliance Artificial Intelligence
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.
