Neota Logic, which produces an AI software platform for legal compliance, has partnered with legal subscription business aosphere to launch new RegTech apps.
aosphere said it will launch three apps to help financial services clients reduce risk and to ‘make the lives of in-house legal and compliance easier’. The apps will surface legal content on demand across a number of topics that are already offered to its clients through its online subscription business.
Marc-Henri Chamay, CEO of aosphere, described the partnership as ‘an exciting development for online legal services.’
“Finding ways to make legal content more accessible to time-poor legal and compliance teams is our priority”, he added. “It’s not enough to present clients with a 100 page document – they want to know how the rules apply to them quickly and with confidence in the data. Using apps to surface multi-jurisdictional content, which is often incredibly complicated, is the natural next step in our journey of trying to simplify the complex.”
The new offerings are the initial thresholds app, the G20 equivalence app, and the marketing unregistered funds into europe app
The initial thresholds app allows clients to view and compare initial disclosure thresholds across 91 jurisdictions. Users will be able to select jurisdictions or regions for comparison so they access initial thresholds for regulatory reporting of major positions, short positions and special rules when an issuer is subject to a takeover according to the firm.
Its G20 equivalence app is designed to help aosphere’s Rulefinder G20 service subscribers. understand if the rules they are complying with in one jurisdiction are recognised in other jurisdictions. While the marketing unregistered funds Into Europe app helps non-Eu clients understand the requirements of marketing funds in Europe.
With offices in London, Melbourne, and New York, Neota Logic delivers artificial intelligence software for the automation of legal and compliance. Its AI software platform allows clients to ‘rapidly automate’ lawyer’s expertise, helping improve the quality of business decisions while reducing risks and costs according to its website.
Rick Seabrook, managing director of Neota Logic, EMEA, added: “We’re thrilled to see our technology put to work to help their clients reduce risk in day-to-day business operations easily and around the clock.”
Copyright © 2017 FinTech Global
Copyright © 2018 RegTech Analyst
