New and Enhanced Features on Compliance.ai: September 2022
October 28, 2022
Over the past month, we have added features that help you research regulatory changes more efficiently. Most importantly we’ve introduced a new approach to navigating our international law library. We’ve consolidated the law libraries under the Resources section within pro.compliance.ai. Now you can not only access US federal and state laws, but also international laws under the Resource section as well.
We also continued enriching our regulatory coverage and our resource content, most notably new content and regulatory updates for banking, insurance, privacy, consumer protection and employment matters from US state regulators. We have also expanded our coverage from international sources from Australia, Belgium, Bahrain, Canada, China, Germany, Finland, and Sweden.
To make the most of Compliance.ai, review 2022 EITL Forum presentations, including a sneak peek at our BYOC solution at EITL Form On Demand.
Research made easy with pro.compliance.ai Resources: Compliance.ai’s new International Law Library
We’ve enhanced our Resources law library to include not only US federal and state resources, but also a growing number of international resources, all presented in the familiar accordion style navigation.
In addition to adding key resources from the European Union, the UK, Germany, India, the UAE, and Bermuda, the new design increases horizontal real estate so you can view more chapter, subchapter, and part information on a single screen. We’ve also made it easier to navigate between Resources and other areas of the platform by automatically returning you to the exact section of the resource you last viewed when you return to the Resource page.
Review the capabilities of our refreshed Resources pages here.
“Official” publication date filter helps you filter out the noise
Not all documents have an official publication date provided by the regulatory source. In some cases, Compliance.ai uses the date on which the document was added to the Compliance.ai platform as a proxy for publication date to help you search, and in other cases, we use a best-match approach based on the dates mentioned in the document.
To help you filter out documents without an “official” publication date, we’ve added a new “Official only” selection for publication date. This option is On by default on all basic searches, but can be deselected at any time if you wish to include documents without an official publication date in your search. To leverage this feature in advanced search, select the “Include Unofficial Publication Date” option and select “false”.
“Official Only” Publication Date Designation is pre-selected in Basic Search
Select “Include Unofficial Publication Date” = False in Advanced Search
One Source for Regulatory Intelligence: Expanding Regulatory Coverage
We continued our expansion of US and International regulatory sources. You can now follow recent regulatory updates across specific lines of business and jurisdictions:
US Legislations and Regulations: from: Puerto Rico, US Virgin Islands, and California.
Insurance: Related updates from Puerto Rico, and Maryland.
Banking: Related updates from the Federal Reserve, Federal Deposit Insurance Corporation, Financial Accounting Standards Board, Texas, Rhode Island, Minnesota California, and Alaska.
Consumer Protection: related updates from Puerto Rico.
Employment: related updates from New York.
Healthcare: related updates from the US Preventive Services Task Force.
Australia: updates from the Australian Accounting Standards Board (AUS-AASB), Parliament of Australia (AUS-PARL), New South Wales Legislation (AUS-NSWL)
Belgium: updates from the National Bank of Belgium (BEL-NB).
Bahrain: Central Bank of Bahrain (BHR-CBB).
Canada: updates from the Canadian Public Accountability Board (CAN-CPAB), Canadian Office of Commissioner of Languages (CAN-OCOL), Legislative Assembly of Nunavut (NU-LEG), National Assembly of Quebec (CAN-QCNA), and the Legislative Assembly of Saskatchewan (CAN-SKLA).
China: updates from People’s Bank of China (CHN-PBC), the Financial Supervisory Commission of Taiwan (TWN-FSC), updates from the Hong Kong Legislative Council (HKG-LC).
Germany: updates from the Bundesbank (DEU-BB), Bundesministerium der Finanzen (German Finance Ministry) (DEU-BMF), Bundesverband deutscher Banken (Association of German Banks) (DEU-BVB), Die Deutsche Kreditwirtschaft (German Banking Industry Committee) (DEU-DK).
Finland: updates from the Finland Finanssivalvonta (Finland Financial Supervisory Authority) (FIN-FSA).
Sweden: updates from the Sweden Finansinspektionen (Financial Supervisory Authority) (SWE-FI)
Tip of the Month: Experience the future of compliance with Labels from Compliance.ai
If you use a common syntax within your organization to track regulatory themes, controls, or risks, using labels is a great way to extend your naming conventions to Compliance.ai. Using common labels across your systems is also another way to build a bridge between information in your GRC, other platforms, and Compliance.ai.
To learn more about adding your own labels to Compliance.ai, and using labels in search and reporting, watch this short video. If you’d like to learn more about automation options, contact your account manager, reach out to us using Contact Us on pro.compliance.ai, or email us at support@compliance.ai.
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.
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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.
