New and Enhanced Features on Compliance.ai: September
November 7, 2023
Amongst the recent improvements to our Team edition solution, we’ve introduced new import and export capabilities within both the Manage Labels, Manage Annotations and Glassdoor areas. We recognize that you maintain tags, labels, controls, and even annotations in systems other than Compliance.ai, so this feature will help you bridge the gap. Glassdoor now also includes new export capabilities for those who want to filter and sort regulatory content processing status using 3rd party spreadsheets in addition to reviewing them online. In addition, we’ve enhanced our Document Search API to provide even more refined search capabilities.
We also continued enriching and expanding our regulatory coverage, including: regulatory updates for legislations, regulations, banking, data protection, employment, finance, insurance, and securities. Our expanding global coverage includes Brazil, Chile (NEW addition), China, Canada, Belgium, Italy, Taiwan (ROC), Spain, Portugal, Germany, Poland, Mexico, Columbia, Hungary and the United States.
New upload and download capabilities help you keep your annotations and labels consistent across systems
Our recent Management Hub enhancements improve your overall labeling and annotation experience.
If you’ve an org admin, simply access the Management Hub and click on the count to select labels or annotations in your preferred folder.
Access Manage Labels or Manage Annotations
Manage Labels
To help you quickly review your labels and reconcile them against labels, tags or controls you may use in other systems, we’ve added the capability to download a list of your current labels from within the Manage Labels section of the Management Hub. The new download helps you easily identify missing or overlapping labels and resolve conflicts or gaps quickly. If you do find gaps in your labels, remember that you can upload a CSV or XLS file to quickly fill out your list of labels incrementally within Compliance.ai.
Manage Labels: Downloading Label Reports
Manage Annotations
We’ve also added new Manage Annotations export functionality to help you easily extract critical information from regulatory documents you and your team have already assessed across documents. The export includes all key details about the document, plus information about the specific sentences you’ve annotated within documents.
Manage Annotations – Link Annotations Data
Another new Manage Annotations feature helps you tie labels and annotations together. To label annotations, access Manage Annotations within the Management Hub, select the annotations to which you want to add labels either individually or in bulk and use the Add Label tool. Remember that labels are searchable, so adding labels is a great way to point your colleagues to key annotations.
Adding Labels to Annotations
Reviewing Labels related to Annotations
Refine your searches further by language ID using our Document Search API
If you want to filter your search results to focus on documents published in a specific language, try our upgraded Document Search API. Simply use the ‘language_id’ attribute to retrieve documents based on the language of your preference. Note that the language filter is intended to help you find documents in your preferred language when possible. If a document is not published in your preferred language, you will receive the document in its original language.
To get the ‘language_id’ required for your search, use the newly introduced GET Languages endpoint within the Document Search API.
Glassdoor: Review source status in spreadsheet format for convenience
In addition to reviewing the latest status of regulatory content processing status of sources in Compliance.ai online, now, you can export a report including all current status information in XLS or CSV for offline review. Our export provides the same information as the online Glassdoor experience, but offers the convenience of filtering and sorting in your preferred spreadsheet solution.
Speed up regulatory research by integrating Concepts into 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 applied to all regulatory content 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 Lending and Operational areas, and include:
Meta-Concept
Concept
Description
Lending
Green Lending
Financial activity that is focused on supporting environmentally sustainable projects and initiatives
Lending
Blue Lending
Financial activity that focuses on supporting sustainable and environmentally responsible projects and initiatives related to marine and aquatic environments.
Operational
Regulatory Reporting – Fintech
Certain fintech companies, such as peer-to-peer lending platforms and digital payment providers, may have reporting obligations to regulatory authorities. These reports may cover areas such as consumer protection, risk management, and transaction monitoring.
Operational
Regulatory Reporting – Credit Rating Agencies
Credit rating agencies are required to provide regulatory reports on their rating methodologies, procedures, and conflicts of interest to ensure transparency and maintain the integrity of the rating process.
Operational
Regulatory Reporting – Crowdfunding
Crowdfunding platforms that facilitate the raising of funds from the public may have regulatory reporting obligations. These may include reporting on the offerings, investor information, and compliance with securities laws.
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 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.
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 always on Concept documentation.
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 Hungary, Spain, Mexico, Italy, Canada.
Data Protection: related updates from Spain, France, Belgium, Italy.
Employment: related updates from Brazil and Chile.
Finance: related updates from Poland, Spain, Brazil, Canada, Chile, Germany, and USA.
Insurance: related updates from Canada and Italy.
Legislations: from Quebec (Canada), Portugal, Poland and Spain.
Regulations: from Brazil, Columbia and North Carolina (US).
Securities: related updates from China, Taiwan, (Ontario) Canada and US.
Belgium: updates from the Belgium Data Protection Authority [BEL-DPA].
Brazil: updates from the Associação Brasileira das Entidades dos Mercados Financeiro e de Capitais [BRA-ANBIMA], Receita Federal do Brasil [BRA-RF], Superintendência Nacional de Previdência Complementar [BRA-PREVIC] and Superintendência de Seguros Privados [BRA-SUSEP].
Canada: updates from the Quebec Legislature [CAN-QCNA], Canada Department of Finance [CAN-DOF], Ontario Securities Commission [CAN-OSC], Autorité des marchés financiers [CAN-QCAMF], Canadian Insurance Services Regulatory Organization [CAN-CISRO], Government of Canada [CAN-GOV] and Ombudsman for Banking Services and Investments [CAN-OBSI].
Chile: updates from the Comisión Clasificadora de Riesgo [CHL-CCR] and Superintendencia de Pensiones [CHL-SP].China: updates from the Securities Investment Trust & Consulting Association [CHN-SITCA]
Columbia: updates from the Superintendencia de Sociedades [COL-SS], Banco de la República [COL-BR] and Ministerio de Hacienda y Crédito Público [COL-POR].
France: updates from the Commission Nationale de l’Informatique et des Libertés [FRA-CNIL].
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], Istituto per la Vigilanza sulle Assicurazioni [ITA-IVASS] and Bank of Italy [ITA-BDI].
Mexico: updates from the Banco de México [MEX-CB].
Poland: updates from the Komisja Nadzoru Finansowego [POL-KNF] and Poland Parliament [POL-PARL].
Portugal: updates from the Assembly of the Republic [PRT-AR] and Diário da República [PRT-DR].
Spain: updates from the Bank of Spain [ESP-BDE], Spain AEPD [ESP-AEPD], Spain FinReg [ESP-FINREG] and Senado de Espana [ESP-CG].
Taiwan (ROC): updates from the Taiwan Stock Exchange [CHN-TWSE].
United States: updates from the Securities and Exchange Commission [SEC], Consumer Financial Protection Bureau [CFPB], National Futures Association [NFA], National Institute of Standards and Technology [NIST], South Carolina Bar Foundation [SC-BF], North Carolina State Bar [NC-SC], and Florida State Bar [FL-BF].
Tip of the Month: Establish Teams to Streamline Workflows and Personalize Defaults
If you are using our Team Edition solution, but haven’t yet added Teams, consider creating Teams to personalize your members’ experience and simplify workflows.
To create a team, simply access Admin > Teams and click Add team
Once you’ve added a team, simply add members to the team.
All team members can share common default filters, which allows you to help your members follow meaningful and specific Topics & Concepts, Regulatory Sources, News & Premium Content and Document Types.
Teams will also help you control who participates in your workflows. Once you add teams, you can pick the appropriate team(s) at a workflow or task level. This will “slim down” the potential assignees within your workflow and ensure that the right assignees are always available.
To learn more about Teams, visit our Training Center and take our Org and Team Management training course.
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
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.
