New and Enhanced Features on Compliance.ai: October 2021
November 4, 2021
In October 2021, we focused on capabilities to help our clients further streamline their regulatory change management experience, adding flexibility that helps you better align our solution to the needs of your organization, as well as your individual preferences. Additionally, we have continued enhancing our coverage ofU.S. Insurance, Taxation, and Employmentrelated regulatory updates and key international sources.
Reduce complexity in your workflow by assigning tasks to multiple people at once using “dependent” task
Create dynamic workflows that allow you to assign tasks on-the-fly. With “dependent” task assignments, we’ve made it easier for you to simplify your workflows by engaging different team members, or even multiple team members throughout the process. By using our new assignee annotation within any workflow step, you can build workflows that allow you to choose the right subject matter expert(s) to analyze the wide variety of regulatory changes for which you are completing workflows real-time.
To see how you can leverage this new workflow capability to create simpler workflows that are both more flexible and more manageable, review this short video.
Filter out the noise: Leverage preferred language to avoid reviewing the same regulatory document in multiple languages
If you review regulatory documents published by agencies in multiple languages, make sure to add our new language filter to new and existing alerts. By adding your preferred language, for example English, your search will exclude all versions of a specific document published in languages other than English, reducing potential duplicate reviews.
Note that your searches will still surface documents published only in other languages, so you can be sure not to miss critical content.
We’ve set English as the default language, but if you want to choose a different preferred language, simply access Profile > Account, choose your preferred language and click Update. While you’re selecting language, you can also update your time zone so you can receive task and notification emails at your preferred time. Just click “Update” and your time zone will be recognized automatically.
Receive your alerts when the time is right for you
We know our clients’ work days start at different times and you like to receive emails on different cadences, so we’ve updated our task and notifications emails to be sent at your preferred time. In addition, you can receive weekly emails on your selected day.
To update your task and alert email delivery date and time, and go to Profile > Account to make sure your time zone is correct, then access the Email Notifications tab to pick the delivery day and time that works best for you.
Optimize your Regulatory Command Center with Personal Widgets To help you get the most out of your custom widgets, we’ve enhanced our “create a widget” feature to enable you to add multiple alerts into a single widget. If you haven’t yet created a custom widget, go to Notifications and choose the “Create Widget” option for any of your key alerts. Then, you can either add additional alerts to your existing custom widget or create new, alert-specific widgets.
With your custom widget, you’ll have immediate, dashboard access to the most recent regulatory changes related to your alerts. If you need to see more documents, you can simply click “See All” to scan through all documents related to any alert.
Review this quick video to find out how to make the most of personal widgets.
Get more focused results using our updated Search API and improved documentation
Similar to the pro.compliance.ai application, you can now filter content based on the selected threshold for topics assigned to documents, using the newly available parameter called “topic_threshold_key”. Test out the new filter attribute using our Interactive API.
We have also updated documentation on the Developer Platform. For Concepts, we have added meta-concept and definitions for each one to help you understand what criteria we use, and what regulatory content to expect when applying Concept filters.
One Source for Regulatory Intelligence: Expanding Regulatory Coverage
We’ve continued the expansion of regulatory sources to strengthen our coverage of U.S. Insurance, Taxation, and Employment related regulatory updates. You will be able to follow more regulatory updates for:
Insurance fromCalifornia, Colorado, Nevada, Illinois, Idaho, Kentucky, Hawaii, Pennsylvania, Connecticut, Massachusetts, Michigan, Montana, Nebraska, Rhode Island, Kansas, Arkansas, Oklahoma, Indiana, Minnesota, New Hampshire, West Virginia.
Employment and Human Resources from Alaska, Idaho, Colorado, Indiana, Kansas Nevada, Louisiana, North Carolina, South Carolina, Texas, Utah, West Virginia.
Additionally, our international coverage continues to grow, allowing you to track activity from these international agencies:
Canada: Financial Transactions and Reports Analysis Centre of Canada (CAN-FINTRAC), and the Office of the PRivacy Commissioner (CAN-OPC).
China: General Administration of Customs (CHN-GAC)
Hong Kong: Hong Kong Monetary Authority (HKG-MA), Securities Futures Commission (HKG-SFC)
India: Bureau of Indian Standard (IND-BIS), Central Board of Indirect Taxes and Customs (IND-CBITC), and Legislations from the Indian Parliament (IND-PARL)
United Kingdom: Expanding regulatory content from the UK Parliament (UK-PARL), including Northern Ireland (NIR-NIA), Wales (WLS-SC), the Foreignn, Commonwealth & Development Office (UK-FCDO), and mainstream news from The Guardian, and The Times
Russia: Federal Customs Service (RUS-FCS)
South Africa: Financial Sector Conduct Authority (ZAF-FSCA)
International: Bank for International Settlements (INT-BIS), European Commission (INT-EC)
Please visit our complete list of regulatory sources, and bookmark that page as we update it frequently!
Update your Default Filters at any time to take advantage of our new international sources.
I hope you enjoyed this product update!
Your feedback is always welcome. Please contact our support team with any questions or feedback. Remember that you can always access our product guides under the Support sectionof the product for more information.
If you’re not yet using Compliance.ai, please feel free to schedule a demo with one of our specialists to see how RegTech can transform the way you work.
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.
