New and Enhanced Features on Compliance.ai: October
December 6, 2023
During October we added interactive Swagger documentation to our developer API solution, for key َAPI end points. Swagger is a popular approach to API documentation providing standardized machine-readable information about APIs. We expect this change improves the usability of our API.
We also continued enriching and expanding our regulatory coverage, including: regulatory updates for legislations, banking, corporate governance, federal governance, payments, data protection, employment, finance, insurance, utilities, taxation, ESG and securities. Our expanding global coverage includes Brazil, Chile, China, Canada, Italy, Spain, Portugal, Germany, Poland, Columbia, Hungary, Luxembourg, France, Peru (New Addition), Thailand (New Addition), and the United States.
Swagger-Formatted API documentation
The Compliance.ai Document Search API documentation is now available in Swagger format. You’ll have access to detailed information about endpoints, request parameters, response schemas, and examples, making it easier to understand and use our API effectively.
Similar to our previous invocation methods, this API documentation also supports OAuth for enhanced security and user control. Here’s a quick overview of the endpoints and schemas included in this improvement:
Endpoints:
Search Documents (GET) & Search Documents POST (POST): Easily search for documents with intuitive query options.
Agencies, Jurisdictions, Topics, Regulations, Acts, Document Type, Concepts, Languages (GET): Access valuable information about agencies, jurisdictions, topics.
Schemas:
Document, Agency, Jurisdiction, Topic, Concept, Language, Regulation, Act, Document_type, Note, Error: Gain insight into the structure and format of data related to various aspects of documents and regulatory information.
How-to:
To get started with the new Swagger Document Search API, access the Developer API site and select “Swagger – OAuth 2.0 – Document Search API“. You’ll find detailed guides, examples, and OAuth setup instructions to facilitate your integration. To explore this API, simply request a key for your existing application or create a new one and subscribe to “OAuth – Developer Edition – 50RPC-12CPD – Swagger” API plan. Once your request is approved, you can leverage this API to its fullest potential.
SCIM API Documentation in Swagger format
Our SCIM API documentation is now available in Swagger format. You’ll have access to detailed information about endpoints, request parameters, response schemas, and examples, making it easier to understand and use our API effectively.
In line with our previous API invocation methods, this API also supports OAuth for enhanced security and user control. Here’s a quick overview of the endpoints and schemas available in this release:
Endpoints:
Get SCIM Users (GET) & Create User (POST): Easily retrieve and create user data.
Get SCIM User by ID (GET) & Update User (PUT): Access and update user information.
Patch SCIM User (PATCH): Perform partial updates to user profiles efficiently.
Get SCIM Resource Types (GET) & Get Resource Type by Type (GET): Explore resource types effortlessly.
Get SCIM Schemas (GET) & Get Schema by Type (GET): Obtain schema information with ease.
Get SCIM Service Provider Configs (GET): Retrieve service provider configurations seamlessly.
Schemas:
CreateUserRequest: Streamline the user creation process.
UpdateUserRequest: Make precise updates to user profiles.
PatchUserRequest: Efficiently apply partial updates to user data.
Error: Understand error responses for smooth troubleshooting.
How-to:
To get started with our new SCIM Swagger API documentation, access our Developer API site and select “Swagger – SCIM API“. You’ll find detailed guides, examples, and OAuth setup instructions to facilitate your integration. To explore this API, simply request a key for your existing application or create a new one and subscribe to “SCIM Swagger – 10 CPD” API plan. Once your request is approved, you can leverage this API to its fullest potential.
For further information or support please contact our support team at support@compliance.ai.
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 Chile, Peru, Hungary, Canada, Thailand, Italy, United States (Georgia and Alabama).
Corporate Governance: related updates from Columbia.
Data Protection: related updates from Spain, Italy.
Employment: related updates from Peru, Chile.
ESG: related updates from Germany.
Federal Governance: related updates from Canada.
Finance: related updates from Chile, Poland, Brazil, France.
Insurance: related updates from Brazil, Canada.
Legislations: related updates from Portugal.
Payments: related updates from Poland.
Securities: related updates from China, Poland, Spain, Canada (Ontario).
Taxation: related updates from Thailand, Peru, Brazil.
Utilities: related updates from the United States.
Brazil: updates from the Associação Brasileira das Entidades dos Mercados Financeiro e de Capitais [BRA-ANBIMA], Receita Federal do Brasil [BRA-RF] and Superintendência de Seguros Privados [BRA-SUSEP].
Canada: updates from the Statistics Canada [CAN-SC], Ombudsman for Banking Services and Investments [CAN-OBSI], Canadian Council of Insurance Regulators [CAN-CCIR], Ontario Securities Commission [CAN-OSC].
Chile: updates from the Superintendencia de Pensiones [CHL-SP], Banco Central de Chile [CHL-BCC], and Ministerio de Hacienda [CHL-MH].
China: updates from the Securities Investment Trust & Consulting Association [CHN-SITCA]
Columbia: updates from the Superintendencia de Sociedades [COL-SS].
France: updates from the Parliament of France [FRA-PARL] and Autorité des marchés financiers [FRA-AMF].
Germany: updates from the Federal Financial Supervisory Authority [DEU-BAFIN].
Hungary: updates from the Hungarian National Bank [HUN-MNB].
Italy: updates from the Garante per la protezione dei dati personali [ITA-GPDP], President of Republic of Italy [ITA-POR], Presidency of the Council of Ministers [ITA-PCM] and Bank of Italy [ITA-BDI].
Luxembourg: updates from the Luxembourg Chambre des Députés [LUX-CDD].
Peru: updates from Ministerio d Trabajo y Promoción del Empleo [PER-MTPE], Superintendencia de Banca, Seguros y Administradoras Privadas de Fondos de Pensiones [PER-SBS], and Superintendencia Nacional de Aduanas y de Administración Tributaria [PER-SUNAT].
Poland: updates from the Komisja Nadzoru Finansowego [POL-KNF], Warsaw Stock Exchange [POL-GPW], and Poland Ministry of Finance [POL-MF].
Portugal: updates from the Diário da República [PRT-DR].
Spain: updates from the Spain AEPD [ESP-AEPD] and Spain National Securities Market Commission [ESP-CNMV].
Thailand: updates from the Thailand Revenue Department [THA-RD], Parliament of Thailand [THA-PARL], Government of Thailand [THA-GOV] and Thailand Ministry of Finance [THA-MOF].
United States: updates from the State Bar of Georgia [GA-SB], Alabama Law Foundation [AL-ALF] and IEEE: Institute of Electrical and Electronics Engineers.
Tip of the Month: Reduce time spent on repetitive compliance tasks by consolidating your workflows
Many of you create multiple, highly focused alerts to ensure that your regulatory change management team is notified about exactly the right changes. Previously, a single workflow could only be driven by one alert, requiring you to create and maintain multiple copies of the same workflow to orchestrate your compliance activities.
Earlier, we introduced a feature that enabled linking an unlimited number of alerts to a single workflow. If you haven’t explored this feature and you have one team involved in multiple focus areas, we recommend you consolidate by adding team-relevant alerts to a single workflow, reducing workflow maintenance, minimizing potential errors, and simplifying reporting.
In addition, because each workflow can only be applied to a document once, adding multiple alerts to a single workflow ensures that even if the same regulatory change document appears in multiple alerts, your team will only have to complete all the tasks relevant to that specific document once.
To take advantage of this capability, access Manage Workflows and delete any workflows you will no longer need. Then, edit your “primary” workflow, add all required alerts to the “Select associated alerts” field within Workflow Settings and save to create a single, unified workflow.
Multiple “carbon copy” workflows associated with the same team
Add all relevant alerts to a single workflow for a unified 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.
Swagger-Formatted API documentation
Risk management solution
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.
