Meet Mike Muckley, account executive, Global Relay

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​Tell us a little about your organization and why you got into this space.
Global Relay is the leading provider of compliance archiving, surveillance, eDiscovery and analytics solutions to the global financial services industry and other highly regulated industries. Founded in 1999 to capitalize on the shift to electronic communications and the growing need to store electronic data, our company saw a huge demand for our archiving services after the accounting scandals in the U.S. in 2003, when new rules mandated financial firms to preserve all their business records – electronic communications included. Since then, we’ve been helping financial firms capture their data for compliance recordkeeping and supervision.

​Who are your clients and what types of regulatory challenges are they facing?
We specialize in a single vertical market: the global financial services industry. Our customers include 22 of the top 25 global banks, 70% of U.S. broker-dealers, 70% of North American hedge funds, and most of the major U.S. exchanges. The finance industry is subject to stringent recordkeeping and supervision regulations (such as IIROC, U.S. SEC and FINRA Rules). It is also governed by regulations designed to protect customer data and privacy (GDPR, CCPA) and increase trade transparency and prevent market abuse (MiFID II). We help financial firms address these and other regulatory challenges.
 
What type of emerging technology do you think will have the greatest impact on your business/industry?
Analytics, data visualization, AI and Machine Learning are some of the current or emerging technologies that will impact our industry and customers the most. Used as part of a broader supervision/surveillance program, these technologies enable compliance managers to perform more rigorous, critical and targeted evaluations of employee conduct and business activity through their archived communications. While analytics and data visualization can expose anomalies and trends in messages, AI and Machine Learning-aided supervision can help reduce false positives and increase message-flagging accuracy.
 
Why did you join the CRTA? How do you think the CRTA will help your business?
We believe our CRTA membership will allow us to learn from the experiences of other organizations serving regulated industries in Canada. We also hope to be able share best practices with companies serving not only the finance sector, but also health care, government and public companies.
 

Meet Anand Chavan - Founder and CEO

​​Tell us a little about your organization and why you got into this space.
At ​GuardX​, we help companies extract actionable insights from unstructured data. Our product, ​Foreseer,​ is a cloud-native, ​human-in-the loop​ platform that combines the latest advances in AI/ML algorithms and NLP to extract insights from unstructured documents including PDFs, HTML, webpages, scanner documents, twitter feeds, emails and more at enterprise scale. Our Fortune 500 clients process over twenty million PDF and HTML pages every month with content sourced from 35 countries in 12 different languages. 

Meet Patrick Morrison, EVP and Head of Sales for Canada & Europe
StereoLOGIC is a technology company founded in 2008 that deploys patented software solutions for clients that are designed to help them:

• efficiently and accurately implement new regulatory reporting programs by facilitating the seamless integration of new systems within existing infrastructure
• upgrade existing regulatory reporting systems by revealing where BAU processes can be streamlined while dramatically reducing time, cost and the risk of errors.

 
Through StereoLOGIC’s technology, our clients have the insights needed to ensure their regulatory reporting and program implementations produce accurate data that regulators demand, reducing error rates, the number of manual adjustments required before reports can be submitted, and, importantly, facilitating regulator confidence in client controls, governance and reporting that is crucial to maintaining strong relationships with supervisory agencies.

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. 

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.
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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.