New and Enhanced Features on Compliance.ai: October 2022
November 18, 2022
During October, 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 solution.
We also continued enriching our regulatory coverage, most notably adding new content and regulatory updates for insurance, banking, consumer protection, finance, taxation, and healthcare related matters from US state regulators. We have also continued expanding our international regulatory coverage further within Australia, Austria, Bahrain, Belgium, Canada, China, European Union, Germany, Denmark, Spain, and Japan.
Speed up on-boarding with Business Profiling
Business profiling is designed to take the guesswork out of establishing the filters you’ll need to search for information that’s critical to your business. You’ve probably already set up the federal agencies you want to follow, but now we’ve refreshed our recommended state level agencies to help you focus on the most relevant state level content. To take advantage of our streamlined recommendations, try completing business profiling again. If you’re already happy with your defaults, but want to check out the changes, simply access the Profile menu, choose Admin, and reset your company profile. You can switch back to your personal defaults at any time.
Faster access to relevant regulatory content: New shortcuts help you search across related jurisdictions with a single click
Whether you’re searching for documents or customizing your dashboard, you can use our new jurisdiction shortcuts to select related jurisdictions with ease. As a starting point, we grouped Canadian Provinces & Territories and US States, but contact us to request other jurisdiction or agency groupings and we can add new shortcuts in a snap.
Improve your next Regulatory Audit: Workflow enhancements ensure auditability and control
We know our users rely on Compliance.ai for critical tasks that require a high degree of control. Every annotation within our workflows was already fully auditable, but now we’ve made sure all task annotations are “locked” once a task is marked done so no one can accidentally make an unexpected change. If you make a mistake you can still uncomplete a task and change a decision, but now, the only edit you can make on a task that’s been completed is adding or replying to a comment.
Reduce Policy intelligence guess-work using Bring your Own Content: For a limited time, enjoy a sneak peek at new insights available with Bring Your Own Content
Earlier this year during our EITL forum, we introduced our new Bring Your Own Content (BYOC) solution, designed to help you bridge the gap between regulatory content and your own related documents such as policies and legal guidance. For a limited time, we’re providing access to BYOC to all our Team licensed users to help explore the added insights you’ll experience with BYOC.
Designed to help you visualize the connections between regulations and your policies, try creating your own “Comparison Widget” to explore the connections between regulations in different jurisdictions or regulations and whitepapers and news. Simply select any notification based on an advanced search, choose “Create Comparison Widget”, then choose your comparison alert to create your own insights.
We also introduced a new label widget to help you visualize critical policy-related information such as classifiers. You can use this widget more broadly to understand how you and your colleagues are labeling documents within Compliance.ai
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 Puerto Rico.
Banking: Related updates from Texas (TX-DOB and TX-DSML) .
Consumer Affairs: related updates from District of Columbia (DC-DLCP), Puerto Rico (PR-DCA) and Texas (TX-OCCC).
Finance: related updates from Colorado (CO-TREAS), Florida (FL-OFR), Idaho (ID-DOF), Maine (ME-DPFR), Oregon (OR-DFR).
Healthcare: related updates from District of Columbia (DC-GOV).
Taxation: related updates from Delaware (DE-DR) and Texas (TX-COMP).
Australia: updates from the Australian Prudential Regulation Authority (APRA), New South Wales (AUS-NSWL).
Austria: updates from Austria Financial Market Authority (AUT-FMA).
Bahrain: updates from Bahrain National Assembly (BHR-NA).
Belgium: updates from the Belgium Financial Services and Markets Authority (BEL-FSMA).
Canada: updates from the Financial Consumer Agency of Canada (CAN-FCAC), Office of the Privacy Commissioner of Canada (CAN-OPC), Canada Nunavut Legislation (NU-LEG), Quebec Legislature (CAN-QCNA), Saskatchewan Credit Union Deposit Guarantee Corporation (SK-CUDGC).
China: updates from Bank of China (CHN-BOC), Central Commission for Discipline Inspection (CHN-CCDI).
Denmark: updates from Danish Supervisory Authority (DNK-FSA).
European Union: updates from the European Commission (INT-EC)
Germany: updates from the Bundesbank (DEU-BB).
Japan: updates from Japan Securities Dealers Association (JP-SDA), Japan National Diet (JP-ND).
Spain: updates from Banco de España (ESP-BDE).
Tip of the Month: Add Auto Translation to stay in the know across the globe
Did you know that Compliance.ai provides auto translations of all Regulation, Guidance, Legislation and Agency News documents? If you have global responsibilities, auto translation gives you immediate access to a high quality English version of documents published in 27 languages (unless the regulator provides an official translation, in which case, we provide you with access to that version). Contact our support team if you’re interested in adding auto translation to your Compliance.ai experience.
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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