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:
Topic-based expansion:
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).
Jurisdictional expansion:
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.
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.
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.
Sign me up for all regulatory updates
Get access to EITL Forum recordings
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.
