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Automating Compliance Controls Programs
- 1. Wesley Moore, CEO Wesley.Moore@Quarule.com +1-‐704-‐231-‐3871 Mark Linehan, CTO Mark.Linehan@Quarule.com +1-‐914-‐471-‐6205 Automating Compliance Controls Programs
- 2. © 2014-‐2016 Quarule, Inc. -‐ ConfidenHal & Proprietary 2 We automate controls, required cer-fica-ons, and workflows Quarule Drives Automa-on With Computable Regula-ons And Policies We find and explain viola-ons using the rule logic Benefits • Decreased Cost • Reduce Risk • Increased Capacity
- 3. Reforms Have Just Begun Target Market $50 billion U.S. market in Financial Services for risk and compliance $40 billion, the average annual fines and se[lements in the U.S. Customers’ Compliance Problem Current state, 95%+ intensive manual oversight work Current technology does not address the scale of the problem Regtech is cool, but addresses less than 5% of the problems Customers’ Compliance Threats Most are under regulatory consent orders Unprecedented rate of global regulatory change Global shortage of qualified staff © Quarule, Inc. -‐ ConfidenHal 3
- 4. Lowers costs Accelerates surveillance Summarizes regulaHons and policies Explains controls and alerts Expands and flexs as needs change Retains resoluHon and raHonale Provides alert audit trail Enterprise, cloud or desktop © 2014-‐2016 Quarule, Inc. -‐ ConfidenHal & Proprietary 4 Quarule automa-on…
- 5. Basis for Our Business Value More controls, less -me, faster resolu-ons Today IniHal Quarule project Using full Quarule knowledge base 5 © Quarule, Inc. -‐ ConfidenHal Create Implement Execute Audit Days Months Weeks C I E A C I E A
- 6. Quarule Addresses the Whole Compliance Life Cycle © 2014-‐2016 Quarule, Inc. -‐ ConfidenHal & Proprietary 6 Interpret Rule (s) Build Control (s) Execute Control (s) Escalate, Track & Resolve CerHfy Compliance Program Func-ons
- 7. • Manual workflows • Lack of automated no-fica-ons • Hard to link back to policy/rules What are the Problems Today © 2014-‐2016 Quarule, Inc. -‐ ConfidenHal & Proprietary 7 • Piles of text documents • Hard to track and manage • Loss of knowledge capital • Communica-on challenges in requirements engineering • Manual programming Interpret Rule (s) Build Control (s) Execute Control (s) Escalate, Track & Resolve CerHfy • Manual • Tons of spreadsheets • High false posi-ves • Black box algorithms • Term paper project • Inability to drill down • Lack of flexibility • Increasing risks Compliance Program Func-ons
- 8. Drive workflows – Track progress – Plan resources Quarule Solu-ons © 2014-‐2016 Quarule, Inc. -‐ ConfidenHal & Proprietary 8 Capture Rules – rule knowledge – business info Specify Controls – control procedures – viola-on scenarios Interpret Rule (s) Build Control (s) Execute Control (s) Escalate, Track & Resolve CerHfy Compliance Program Func-ons Find Viola-ons – Explain alerts – Show audit trail Cer-fy Program – Sufficiency – Effec-veness PROGRAM BUILDER INVESTIGATOR PROGRAM MANAGER
- 9. Handles all controls and drives programs If it’s a rule, we capture and apply it Quarule can produce new products quickly If it’s not out of the box, we’ll add it Quarule provides evidence and transparency Every answer has a reason © 2014-‐2016 Quarule, Inc. -‐ ConfidenHal & Proprietary 9 Quarule Differen-ators
- 10. Our Three Compliance PlaYorm Components InvesHgator Program Manager 0100 1101 1010 0100 1101 1010 0100 1101 1010 0100 1101 1010 0100 1101 1010 0100 1101 1010 … Accounts, Trades, LEs, Products, etc. Builder 10 © 2014-‐2016 Quarule, Inc. -‐ ConfidenHal & Proprietary Governance Areas Core Plakorm Data ConnecHons
- 11. Quarule Delivers Expanded Capacity High Accuracy Risk and Cost Control 11 © 2014-‐2016 Quarule, Inc. -‐ ConfidenHal & Proprietary
- 12. Manual compliance acHvity is high risk Each automaHon provides high returns Compliance is core to business growth Customer are affected. Every violaHon is found out Hotlines, auditors, complaints, plainHffs Compliance is a blind spot 99% manual, 95% false posiHves, hidden liabiliHes, growth constraints © 2014-‐2016 Quarule, Inc. -‐ ConfidenHal & Proprietary 12 Why Own Compliance Solu-ons?
- 13. Four Elements of a Solu-on Quarule Reasoner for SemanHc-‐rules Knowledge and Rules Databases Unstructured Data Data feeds/ documents Results in Eclipse-‐based IDE Results in webapp Results in semi-‐ structured formats Manual or Automated Input! Automated Reasoning! Possible Outputs! Delivered as a Java API, as part of an IDE, or as an applicaHon server. 13 © 2014-‐2016 Quarule, Inc. -‐ ConfidenHal & Proprietary
- 14. THANK YOU WWW.QUARULE.COM AutomaHng Compliance CerHficaHon and Surveillance 14 © 2014-‐2016 Quarule, Inc. -‐ ConfidenHal & Proprietary