RegTech Pioneer Compliance.ai Expands Services to Include Support of International Compliance Content
Today at AI Summit leading RegTech provider Compliance.ai announced two major milestones as its business pick up momentum, including new international capabilities and a new executive team member. Compliance.ai has widened its support of regulatory change management capabilities to include UK jurisdictions at large, with Canada and the rest of the EU to follow. The company has also added Juan Carlos Forero to its executive staff, as Vice President of Sales. Forero previously worked in FinTech and RegTech sales at Thomson Reuters – where he was responsible for strategic relationships across the entire Financial and Risk Business Unit – Dow Jones and Bloomberg. In his new role at Compliance.ai, Forero brings fifteen years of experience in sales and leadership, managing teams and closing complex sales cycles in enterprise technology sales.
“Chief Compliance Officers in financial services are faced with a complicated and high stakes world where the complexity of regulatory change increases when a company does business internationally,” said Kayvan Alikhani, CEO of Compliance.ai. “We’re pleased to expand our offering to include new geographies to help banks significantly reduce the cost of staying compliant, stay ahead of requirements before deadlines, increase efficiencies and ultimately reduce the risk of missing an important regulatory change.”
In the last ten years, the amount of regulatory changes has exponentially increased, from an average of 10 regulatory changes a day to an average of 200 a day. And properly processing incoming regulatory changes involves a complex collection of tasks, actions, and deadlines, with dependencies across business departments, often requiring cooperation between multiple stakeholders in the organization. Compliance.ai’s solutions allow for collaboration, automated task management, and highly customized notifications and alerts on regulatory content across different government agencies.
The Compliance.ai platform combines artificial intelligence and Expert-in-the-Loop methodology to provide real-time financial regulatory content with actionable intelligence to banking and compliance professionals, collecting information from all major sources including: Federal and State-level agencies, proposed and final rules, executive orders, notices, enforcement actions, relevant white papers, mainstream news and other regulatory documents.
You can learn more about Compliance.ai and its regulatory change management solutions by visiting the company’s booth #806 at the AI Summit, held at the Palace of Fine Arts in San Francisco September 19-20.