ComplyCo

We're seeing a proliferation of niche regtech solutions, some of it due to advances in AI but mostly because traditional GRC systems excel at telling you what to do but provide minimal support for operational implementation. Our conversations with compliance teams are now leading to a common thread among both banks and fintechs (albeit for different reasons) - they all need comprehensive visibility across all compliance-relevant customer touchpoints presented as a sequential timeline that enables automated analysis, reporting, and insights. Teams currently navigate multiple disconnected systems—from origination / onboarding platforms to verification to investigations—attempting to reconstruct sequence of events. That is very manual and ineffective. Observability can help. The solution lies in developing an architecture with three essential components: - A chronological log capturing all compliance-relevant customer interactions - Intelligent data integration that leverages existing operational systems - A rules engine that continuously evaluates regulatory requirements Organizations implementing this approach are realizing substantial benefits in reducing manual oversight work, accelerated product development cycles, and improved regulatory relationships. The evolution of compliance isn't about doing more with less—it's about enhanced visibility, deeper understanding, and leveraging these insights to deliver superior financial products with reduced compliance risk. #RegTech #Compliance #FinTech #RegulatoryCompliance #GRC https://lnkd.in/gSyMvQr8

We'll make sure to sponsor a Pedialyte station next year.

Regulatory compliance presents a unique challenge for fintechs. Traditional banking institutions have developed extensive compliance frameworks over decades, but replicating these systems isn't really viable for startups operating with limited resources. There needs to be a middle ground since neither minimal regulatory oversight nor fully-developed compliance management systems is realistic or viable. Traditional approach would not be effective either since it consumes disproportionate resources. provide only periodic snapshots rather than continuous visibility, rely heavily on qualitative assessments with inherent subjectivity, and often lack direct insight into actual operations. We are working with a program to help them proxy and improve most of the meaningful compliance process by collecting comprehensive runtime data and evaluating it against regulatory requirements in near real-time. By providing objective evidence of regulatory adherence and continuous monitoring across all products, they and by extension their sponsor bank can gain significant efficiency and early identification of emerging issues. We cover more in our latest blog linked in comments. We’d certainly welcome further perspectives on balancing compliance obligations with resource constraints. #regulatorycompliance #compliancestrategy #fintech #riskmanagement

We are thrilled to become the newest member of the American Fintech Council. We've gotten to know Phil Goldfeder and team over the last year and were incredibly impressed with their efforts and commitment to responsible innovation and fostering solutions that support fintechs and banks on their path to effective and efficient compliance. We look forward to engaging with the #AFC to help develop clear and transparent regulatory guidance and compliance standards where data-centric solutions will be at the forefront of oversight automation. Our CCO, Ron DiGiacomo's, experience is particularly relevant to this movement, and we are excited to make serious progress in the coming months.

We wanted to explore some of the more monotonous regulatory requirements and how monitoring systems can assist with the tedious, error-prone reporting. HMDA reporting requirements are a great example of that. Our latest blog post explores how automated reasoning can free up your resources by monitoring this data in real time so you can avoid any future remediation headaches. Ready to simplify HMDA compliance? Discover how our platform integrates with frontend and backend systems, validates data in real time, and generates reports automatically—so your team can focus on delivering equitable and transparent lending. Read the full blog post here: https://lnkd.in/gpBmmCzC

We wanted to kick off the new year with another white paper on how embedded documents can help with the disconnect between product / engineering and compliance. The resulting inefficiencies are frustrating for both teams. Managing version control, signature types, and varying compliance requirements - especially around delivery and consents - is more complex than it seems. Regulatory documents often present a much bigger challenge than expected, but there are ways to reduce this friction. Learn more ?? https://lnkd.in/gsMFzeVs

Our co-founder Ron DiGiacomo attended the AFC Policy Summit last month where a lot of time was spent on regulatory topics affecting fintech / bank relationships including FDIC’s proposed changes to brokered deposit rules and the heightened compliance expectations for bank-fintech partnerships. ?? Key Takeaways: 1?? Brokered Deposits Costs Rising: Proposed FDIC rules could increase costs for banks relying on fintech partnerships for deposit gathering, potentially reshaping marketplace deposit dynamics. 2?? Daily Custodial Reconciliation: Strict FDIC requirements emphasize real-time accuracy in tracking account balances for pass-through insurance. 3?? Compliance = Competitive Advantage: This is old news by now but robust third-party oversight and risk management have become essential for both banks and fintechs to have in-house expertise on. ?? Banks and fintechs must prioritize compliance infrastructure by investing in monitoring systems, aligning on obligations, and demonstrating effective controls to regulators. Those who adapt quickly will not only meet rising standards but also strengthen market credibility. Read our full blog here?? https://lnkd.in/gNYF8va4 #Regulations #Banking #Fintech #Compliance #Innovatio

Tired of reactive and manual compliance measures? It's time to embrace digital observability! Our new white paper explains how this concept can transform your compliance processes. Here's what we’ve tried to cover: ?? What digital observability is and how it provides real-time insights into user interactions and system behaviors ?? Benefits of observability for compliance, including comprehensive monitoring, proactive issue identification, and improved detective controls ?? How screen session recordings and metadata extraction provide a deeper understanding of user behavior and enhance investigative capabilities ?? How observability tools bridge the gap between technical and non-technical teams, fostering a culture of compliance across your organization You can download the full white paper in the link below and reach out to explore how we can support your agile compliance strategy. https://lnkd.in/gp3jf9Kv

Did someone say data pipelines?

Ever wondered if a small change can kick off a major shift in strategy? We’re continuing our series on data-driven compliance and how teams can successfully adopt this approach - even without a large-scale transformation. Our co-founder and CTO, Stephen Demjanenko, explores how partnering with already data-centric teams within your organization can lead to early wins and lay the foundation for a sustainable long-term rollout. No need for a massive overhaul right away, just simple, effective changes that that shift your compliance efforts toward a proactive, agile model. Read the full post here: https://lnkd.in/dxCxuwyv #Compliance #DataDriven #RiskManagement #ProactiveCompliance #Fintech