New and Enhanced Features on Compliance.ai: November 2022
December 27, 2022
During November, we continued improving two key capabilities of our platform – helping you search more efficiently and manage your workflows more effectively. In addition, we’re offering a sneak peek at the kinds of insights you can experience with our new Bring Your Own Content (BYOC) solution.
We also continued enriching our regulatory coverage, most notably adding new content and regulatory updates for insurance, banking, consumer affairs, finance, and healthcare related matters from US state regulators. We have also continued expanding our international regulatory coverage further within Iceland, Canada, Ireland, Germany, European Union, and Denmark.
Use Auto-Translation to standardize your Regulatory Assessments across jurisdictions:
Earlier this year, we released a new auto-translation capability designed to provide immediate access to a high quality English version of Regulation and News documents published in 27 languages. To help ensure you have access to the translations you need, we’ve now extended auto translations to Guidance and Legislation documents.
Contact our support team if you’re interested in adding auto translation to your Compliance.ai experience.
Consistent decision making: Ensure workflow integrity across your organization
Many of our clients use our “Team structure” to ensure that only authorized individuals from the right part of the organization can participate in specific workflows. To help ensure no one in your organization can accidentally change or delete a workflow, we’ve limited the Edit and Delete workflow features on the Manage Workflow screen so that Workflow Admins can only Edit or Delete workflows associated with teams of which they are a member.
Org and Team admins can still Edit or Delete any workflow, so if you want to take advantage of this additional control, you might want to update the roles of your admin users.
Example: Workflow Admin view. Workflow Admin is only a member of the “Mortgage Team” only. Edit and Delete are unavailable for other team-related workflows.
Example: Org and Team Admin view. These roles have access to edit or delete any workflow.
Improve cross-team collaboration with new alert sharing capabilities
Crafting the right alerts is a critical aspect of following the most important regulatory content. To ensure you don’t lose alerts when the roles of people in your organization change, you would change the alert owner. Changing alert owners is also a great way to have one person take charge of developing your alerts but then hand them off to other individuals once you’re satisfied with the results.
To change an alert owner, Access Notifications and select Settings, then Share for any alert you wish to modify.
Then, choose Advanced Settings and select a new Alert Owner.
Reduce the time spent looking for Regulatory Intelligence: One Source for Regulatory Intelligence: Expanding Regulatory Coverage
We continued our expansion of US and International regulatory coverage. You can now follow recent regulatory updates across specific lines of business and jurisdictions:
Insurance: Related updates from Kentucky, Puerto Rico, and New York.
Banking: Related updates from New Hampshire, Massachusetts, and South Dakota.
Consumer Affairs: related updates from Illinois, and New York.
Finance: related updates from Nevada, Montana, North Dakota, Minnesota, Utah, Florida, and Wyoming.
Healthcare: related updates from Delaware, and the Center for Medicare and Medicaid Services (CMS).
Iceland: updates from Central Bank of Iceland (ISL-CBI).
Canada: updates from the Investment Industry Regulatory Organization of Canada (CAN-IIROC), Financial Consumer Agency of Canada (CAN-FCAC), and Digital Government and Service NL (CAN-NLDGS).
Ireland: updates from The Oireachtas (IRL-OIR).
Germany: updates from the Bundesbank (DEU-BB).
Denmark: updates from the Financial Supervisory Authority (DNK-FSA)
Tip of the Month: Convert to Advanced Search to Optimize your Alerts
Did you know that you can convert your “basic search” alerts to advanced search to optimize your alerts? If you notice patterns in documents surfaced in documents found via your alerts, converting your alert to advanced search and adding terms or date ranges to exclude is a great way to minimize documents you consider tangential that you may be receiving via your current alerts.
To modify an existing basic search alert and take advantage of advanced search capabilities, choose the Edit option for the alert in question, then click the “Convert to Advanced Search”.
Advanced Search gives you the option to include additional search parameters such as excluding text indicative of documents that you don’t consider relevant by using “is not”. Adding fields such as Publication Date within the last x days is also a great way to avoid being notified of older documents made available by Compliance.ai when we add new sources to our platform.
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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