MEMBER SPOTLIGHT - CUBE GLOBAL Meet Nick Bray, Senior Business Manager for Canada Tell us a little about your organization and why you got into this space. Recognizing the regulatory pressure that firms were under following the 2008 financial crash and the challenges that first generation solutions were facing in trying to manage the volume and velocity of regulatory change, CUBE set about to create the world’s first automated, fully comprehensive Regulatory Intelligence and Regulatory Change Management Solution. Today, CUBE’s platform spans 180 countries, tracking thousands of regulators and millions of regulatory statements, to ensure that our clients receive relevant proposed and enacted changes in a timely manner and know instantly what parts of their organization are impacted.
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 Meet Christopher Enright, Founding Partner, President & Managing Director of Aligned Capital Partners
Tell us a little about Aligned Capital Partners Inc. (ACPI). ACPI, a pioneer in the investment dealer community in Canada, has been providing independent investment advice to retail investors since 1987. Our objective is to diverge from the norm and create a suite of services that are focused on the needs and interests of the client, the advisor and the wealth management firm. Since inception, we have always operated with the intention to create a firm that Canada’s best independent financial advisors would find welcoming and call home. ACPI is committed to partnering with advisors who wear the “white hats” and run their businesses in a way that always puts clients first. As a firm, ACPI serves on a range of industry and regulatory committees to help shape the industry and advocate how we believe investors should be treated. Our view of the wealth management industry is straightforward, and our currency is the trust our clients place in us. We earn this trust by providing the infrastructure and solutions advisors need to do right by their clients.  Meet Laurie Clark, Principal at Cancheck Corporation Tell us a little about Canchek and why you got into this space. Canchek Corporation is a RegTech firm that was incorporated in 2016 to enable Canadian investment firms to meet their Anti-Money-Laundering and Countering-the-Financing-of-Terrorism (AML/CFT) obligations. The principals of the firm all had experience either as regulators or as technologists (for example as the creators of (Broadridge’s) Dataphile brokerage system). The original business plan was focused on smaller participants in the Canadian financial market such as investment counsellors and portfolio managers that, in the opinion of the founders, were not well served by existing internationally based vendors. It appeared that the available systems were: a) very expensive for small and mid-size dealers, leading to non-adoption of automated systems; b) broadly focused beyond Canadian requirements, making outputs laden with ‘false positives’ that increase burdens on compliance resources; and c) not providing coverage of Canadian-specific data such as corporate insiders, NRD registrants and cease trade orders. Canchek planned to differentiate itself by providing a service for Canadian firms and doing this at a lower cost by leveraging strategic partnerships and new technology. Early success led larger firms to review and adopt the solution, with some incorporating it into their own proprietary technology by means of an application program interface (API) The tag line on the Canchek website sums up the package: “SANCTIONS - CEASE TRADE ORDERS - INSIDERS - PEPs - HIOs - NRD - ADVERSE MEDIA: ALL IN ONE PLACE.”  Meet Guy Robert, Principal, Resolution Compliance Consulting Tell us a little about your organization and why you got into this space. At the heart of RESOLUTION is the dynamic alliance of two very important factors in business development: Business Intelligence and Data Intelligence. With our vast experience in the regulatory field, we know that this unique combination is key to the future success of any financial entity facing regulatory compliance requirements. We believe that the success and future effectiveness of regulatory compliance truly depend on the capacity of organizations to rethink how compliance is performed. The use of technology and data intelligence can enhance customer experience as well as overall compliance, and combining forces from business intelligence and data intelligence is paramount to that success.  Meet Sam Webster President of Portfolio Aid Tell us a little about your organization and why you got into this space? Founded in Toronto in 2001, PortfolioAid provides investment dealers with market leading RegTech, encompassing trade surveillance, KYC suitability monitoring, business intelligence, and inquiry case management. PortfolioAid empowers compliance officers, field supervisors, and investment advisory teams to work efficiently with one another to ensure supervision controls are adhered to. PortfolioAid believes investment advisors will demonstrate positive compliance practices if given access to the right regulatory technology and insight on how to do so.  Meet Christian Weedbrook, CEO & Founder of Xanadu.ai. Tell us a little about your organization and why you got into this space?
Xanadu is an advanced AI and quantum computing company, founded in 2016 and based in Toronto. With over 35 PhDs, and affiliations with MIT, Harvard and U of T, Xanadu is a world leader in quantum photonics and machine learning. Throughout all of our products and engagements, trust is a core value. As a result, we have put extensive effort into building out tooling to ensure our models and algorithms are unbiased, fair and interpretable, while meeting the strictest of regulatory standards We provide these tools to our partners as part of our trustworthy AI platform, Silver Hammer, to ease their burden of model validation and regulatory requirements, allowing them to bring AI products into production significantly faster and with far greater confidence.  Meet Ali Zahedi, Funder and Managing Director of Infinite Investment. We asked Ali to tell us about his firm and how they are using emerging technology to advance their product
Ali, Tell us a little about Infinite Investment Systems and why you got into this space Infinite Investment Systems (IIS) developed Harmony as an all-in-one portfolio management system which clients could comfortably rely on for all of their operational and administrative needs. From its core portfolio account and valuation capabilities to the extensive CRM now present in the application, we have always strived to deliver more and more functionality on a platform that continues to evolve. Put simply, clients had to shop for various modules or augment ‘comprehensive’ platforms with spreadsheets and we wanted our clients to get the breadth and depth of functionality they needed on one system, Harmony.  Meet Mario Cantin, the CEO and Chief data strategist of Prodago, a Lean Data Governance software as a service (SaaS) company, headquartered in Montreal. Tell us a little bit about Prodago . Prodago was founded in 2013 with a corporate mission to help businesses and government agencies to assess, understand and manage the data risks that could materially impact the success of their initiatives (i.e. projects) by taking a lean approach to data governance. We have been fortunate to count amongst our clients some very large, complex, successful organizations including; Cirque du Soleil, Standard Life Insurance, National Bank of Canada, Alcan, Bell Mobility, Immigration Canada, Desjardins and CN.  Meet Lori Weir, CEO and Co-founder from Four Eyes Financial – one of the latest Canadian RegTech firms to join the CRTA. We asked Lori to tell us a little about her firm and why she joined the CRTA.
Tell us a little about Four Eyes Financial Four Eyes Financial is a Canadian RegTech company that exists to unify risk data and provide four meaningful views into that data. This is the origin of our name. For investors, that means a client portal that encourages ongoing engagement with their advisor and feedback on how changes are impacting their risk score. For advisors, that means having a way to track KYC updates and monitor clients’ risk profiles for product suitability. For compliance teams, that means having an exception alert dashboard with embedded case management for launching and resolving inquiries into the field. For regulators, that means a window into each of these processes for targeted, quick and painless audits. |