The hottest Compliance Substack posts right now

And their main takeaways
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Top Business Topics

Artificial Intelligence: European Union AI Act and its implications for finance

The Fintech Blueprint • 471 implied HN points • 23 Jan 24
💰 Finance Regulation Technology Compliance Financial Institutions AI
  1. The European Union AI Act categorizes AI systems into various risk levels and imposes strict regulations to ensure transparency, safety, and non-discrimination in financial services.
  2. Financial institutions using AI for customer data analysis and fraud detection must comply with the EU AI Act by ensuring accurate, unbiased decisions that are explainable to both customers and regulators.
  3. Complex AI systems like Large Language Models (LLMs) pose challenges in transparency and trust, requiring new methods to interpret decision-making and align with the EU regulations.

Banking-as-a-Service: Wrapped

Fintech Business Weekly • 475 implied HN points • 31 Dec 23
💰 Finance Fintech Compliance
  1. The banking-as-a-service industry faced challenges in 2023, such as issues with compliance and partnerships.
  2. There was increased regulatory scrutiny on BaaS entities, with concerns around misleading claims and high interest rates.
  3. Multiple BaaS-related scandals and legal actions occurred throughout the year, impacting various companies in the industry.
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Block AI tools from scraping your site in 3 minutes

Deploy Securely • 216 implied HN points • 10 Jan 24
🕹 Technology AI Tools Web scraping Artificial Intelligence Cybersecurity Compliance
  1. Block major generative AI tools from scraping your website by adding specific directives to your robots.txt file.
  2. Consider modifying your site's terms and conditions to prevent undesired activities like scraping by AI tools.
  3. Blocking AI tools may impact your search and social media rankings, so find a balance between cybersecurity and potential repercussions.

#31 Episode - VC Funds Regulatory Playbook

Law of VC • 89 implied HN points • 20 Feb 24
💼 Business Regulations Venture Capital Compliance Funds
  1. The Carta Policy Team released a comprehensive VC Regulatory Playbook that simplifies the complex SEC rules for emerging fund managers.
  2. The playbook covers crucial topics including the regulation of fundraising, private funds, and fund managers along with an ERA Compliance Checklist.
  3. Fund managers can learn about specific regulations such as the Section 3(c)(1) and 3(c)(7) exemptions, the requirements for venture capital funds, and the importance of filing a Form ADV.

What the executive order means for openness in AI

AI Snake Oil • 489 implied HN points • 31 Oct 23
🕹 Technology AI Policy Compliance Research
  1. The executive order on AI strives to address various benefits and risks, impacting openness in the AI landscape.
  2. The EO does not include licensing or liability provisions, which could limit openness in AI development.
  3. The EO emphasizes defense against malicious AI uses, registration and reporting requirements, and transparency audits to ensure security and accountability.

Introducing ControlAI's App

Lukasz’s Substack • 3 HN points • 17 Apr 24
🕹 Technology AI safety Compliance Platform Regulations Cybersecurity
  1. ControlAI's platform offers a solution for AI safety and compliance, simplifying the complex process for users.
  2. Users can use the platform to create an inventory of AI assets, understand regulations like ISO Norms and GDPR, and track progress towards compliance.
  3. The platform also enables users to deploy defenses, showcase AI safety solutions, and collaborate with the AI community to enhance safety measures.

You Will Comply and You'll be Happy

Anxiety Addiction & Ascension • 138 implied HN points • 05 Dec 23
🎭️ Culture Gender Workplace Compliance Feminism Masculinity
  1. Annual compliance training can be tedious but necessary to adhere to workplace rules and ideologies
  2. New compliance modules focusing on topics like sexual harassment may have controversial or biased content
  3. Increased push for women and underrepresented groups in leadership roles in corporations may be linked to workplace dynamics and the evolving corporate agenda

Blue Ridge "Explores Options" For Capital Raise As It Reduces BaaS, Fintech Exposure

Fintech Business Weekly • 126 implied HN points • 19 Nov 23
💰 Finance Banking Regulation Lending Payments Compliance
  1. Blue Ridge Bank is looking to raise capital and reduce its exposure to banking-as-a-service and fintech.
  2. States like California and Wisconsin are regulating earned wage access, which is positive but adds compliance challenges.
  3. Plaid has launched a subsidiary as a consumer reporting agency, moving towards offering cash flow underwriting services.

More than half of River Murray boaties break the rules, crackdown suggests

Murray Bridge News • 39 implied HN points • 05 Feb 24
📰 News Safety Compliance Regulations Australia
  1. More than half of River Murray boat users broke rules during an Australia Day long weekend blitz by Marine Safety SA.
  2. Violations included speeding, not carrying safety gear, getting too close to swimmers, and boating without a license.
  3. Marine Safety SA stopped and warned/fined roughly 800 boats across River Murray during the weekend.

AI Red Teaming

Rod’s Blog • 39 implied HN points • 30 Jan 24
🕹 Technology AI Security Ethics Framework Compliance
  1. AI red teaming is crucial for ensuring AI systems are robust, secure, and aligned with human values and expectations.
  2. AI red teaming helps identify weaknesses and threats that could compromise the performance, functionality, or integrity of AI systems.
  3. AI red teaming aligns with responsible AI principles like fairness, reliability, safety, privacy, inclusiveness, transparency, and accountability.

☎️ E20: The State of Privacy Enhancing Technology and The Era of “Shift-Up” (Feat. Karim Eldefrawy of Confidencial.io)

Let Us Face the Future • 117 implied HN points • 19 Oct 23
🕹 Technology Data security Cryptography Compliance
  1. Application-level security is crucial and there is a trend towards 'shift-up' in data security.
  2. Compliance with NIST standards is a significant factor for adoption in regulated industries.
  3. The NIST PQC standardization process will drive wider adoption of cryptographic tools.

The Ways Microsoft Copilot for Security Can Enhance Security Operations with Microsoft Purview

Rod’s Blog • 19 implied HN points • 08 Feb 24
🕹 Technology Security AI Data Governance Compliance Incident Management
  1. Microsoft Security Copilot enhances security by seamlessly integrating with Microsoft Purview, simplifying security policies and governance.
  2. The AI capabilities of Microsoft Security Copilot aid in proactive threat detection and response by analyzing data to identify potential risks before they escalate.
  3. Automated compliance and data governance processes are streamlined through the combination of Microsoft Purview's features and Security Copilot's automation, facilitating adherence to regulations.

Securing Data in an AI-First World with Microsoft Purview

Rod’s Blog • 19 implied HN points • 06 Feb 24
🕹 Technology Data security AI Microsoft Data Management Compliance
  1. Microsoft Purview is a top industry solution for managing data estates, offering governance, protection, and management.
  2. The latest enhancements to Microsoft Purview and Microsoft Defender focus on securing data in the context of generative AI, providing visibility, protection, and compliance controls.
  3. Organizations can leverage Microsoft Purview and Microsoft Defender to securely adopt AI, ensuring data protection while harnessing AI's full potential.

Fearing the sheriff more than the bandits

Deploy Securely • 157 implied HN points • 21 Jul 23
🕹 Technology Cybersecurity Compliance Risk management Government Regulation Data Protection
  1. The fear of repercussions from authorities like prosecutors and regulatory agencies is often greater than that from hackers.
  2. Cybersecurity professionals and their teams face severe consequences for non-compliance, even if the breach was not entirely their fault.
  3. A flawed liability regime and focus on performative compliance rather than actual security measures contribute to the prioritization of checking boxes over protecting data.

How to define risk appetite and tolerance

Deploy Securely • 157 implied HN points • 12 Jul 23
🕹 Technology Cybersecurity Risk management Compliance Business impact
  1. Risk appetite is the baseline level of cybersecurity risk an organization is willing to accept.
  2. Risk appetite should be defined in fungible units like dollars or engineer-hours, not security-specific terms.
  3. Risk tolerance is the speed at which an organization must address risk above the established appetite to avoid compliance issues.

Learning Series #1— A Closer Look at Concordium and Worldcoin

Concordium Monthly Updates • 98 implied HN points • 15 Sep 23
🕹 Technology Blockchain Identity Cryptocurrency Privacy Compliance
  1. Concordium emphasizes privacy and compliance through its identity verification process, showcasing a user-centric approach.
  2. Worldcoin aims to revolutionize access to the global economy with a unique digital identification platform but faces challenges with compliance and security.
  3. Concordium's diverse ecosystem facilitates innovation across various sectors, while Worldcoin focuses on Universal Basic Income through the World App.

A brief guide to building your first lending product

Rohit’s Newsletter • 98 implied HN points • 14 Sep 23
💼 Business Fintech Startup Lending Compliance Regulations
  1. Building financial products like credit cards or loans requires careful consideration of compliance regulations, risk models, operations, and funding models.
  2. Fintech infrastructure products can assist in building credit products, but integration can be complex due to a lack of standard setup.
  3. To effectively build a lending product, break it down into steps like acquisition, underwriting, origination, funding, and servicing.

#27 Episode - Venture Fund Legal Checklist ✅

Law of VC • 246 implied HN points • 28 Feb 23
💼 Business Venture Capital Legal Compliance
  1. The article provides a basic understanding of key decisions and material terms for forming and closing a venture capital fund.
  2. Forming a traditional VC fund typically involves creating three entities: the General Partner (LLC), the Management Company, and the Venture Fund.
  3. Compliance with key laws such as the Securities Act, Investment Company Act, and Advisers Act is crucial for post-closing obligations in venture fund formation.

Regulatory Leviathans

Law of VC • 111 implied HN points • 21 Aug 23
💰 Finance Regulations SEC Compliance
  1. The SEC is passing new regulations for private fund advisers, including VC firms, which would be the first significant VC regulations since the 2008 financial crisis.
  2. The most crucial law governing venture capital funds is the Advisers Act, granting the SEC the power to create rules, investigate, and enforce regulations.
  3. The SEC's regulatory priorities include conflicts of interest, fees and expenses calculations, and compliance with marketing rules, all under the Advisers Act.

Binance and the Trojan Horse

False Positive • 39 implied HN points • 27 Nov 23
💰 Finance Cryptocurrency Regulation Money Laundering Compliance Financial Institutions
  1. Nested accounts play a crucial role in facilitating financial crime by providing anonymity and allowing funds to move across borders through complex networks.
  2. Financial institutions and regulators face challenges in monitoring nested accounts and ensuring compliance with anti-money laundering regulations, risking involvement in criminal activities.
  3. Intermediaries like nested accounts in the crypto world increase regulatory control but also create complexities that could make it harder to detect and prevent financial crimes.

Issue #101: Capital One To Buy Discover For $35.3b, Monzo Eyes £4b Valuation, And FairMoney In Talks To Buy Umba

Fintech Radar • 6 implied HN points • 28 Feb 24
💼 Business Fintech Investments Acquisitions Startups Compliance
  1. Capital One's acquisition of Discover for $35.3 billion aims to boost competitiveness in the payments network but may face regulatory challenges due to concerns about bank consolidation.
  2. Monzo's potential £4 billion valuation in a funding round signifies ongoing investor interest in neobanks adapting to profitability and growth in the consumer fintech market.
  3. FairMoney's talks to buy Umba in a $20 million deal show a trend of consolidation in fintech markets like Africa, where companies navigate challenges to serve a growing demand for digital financial services.

My Current Thoughts on Using AI with a Modern SIEM

Rod’s Blog • 59 implied HN points • 06 Sep 23
🕹 Technology Cybersecurity Artificial Intelligence Innovation Challenges Compliance
  1. As technology advances, organizations need to integrate AI with SIEM to enhance cybersecurity defenses against sophisticated cyber threats.
  2. AI-driven SIEM solutions offer advantages like advanced threat detection, real-time monitoring, automated incident response, and predictive analytics, empowering organizations to stay ahead of cyber threats.
  3. Challenges in AI-driven SIEM include the need for skilled personnel, potential for false positives, and ethical considerations around AI-powered decision-making in cybersecurity.

Frame AI risk using the NIST RMF

Deploy Securely • 98 implied HN points • 09 Jun 23
🕹 Technology AI Risk management Security Governance Compliance
  1. The NIST AI Risk Management Framework provides a governance, risk, and compliance framework for artificial intelligence.
  2. The document highlights the challenges in AI risk management, including identifying and cataloging risks, emergent risks, and availability of reliable metrics.
  3. The criteria to evaluate AI systems include validity, safety, security, accountability, transparency, privacy, and fairness in managing harmful bias.

Concordium and 2021.ai Team Up to Make AI More Trustworthy

Concordium Monthly Updates • 39 implied HN points • 20 Jul 23
🕹 Technology AI Blockchain Data science Compliance Trust
  1. Partnership between Concordium and 2021.ai enhances trust in AI through data validation and audit trails.
  2. Integration of Concordium's blockchain into 2021.ai's platform enables new use cases like ESG Validation and MiCA compliance.
  3. Collaboration aims to promote responsible and ethical use of AI, driving innovation and building trust in the AI industry.

Top questions ahead of Eagle Alpha's Unbound New York Conference

The Data Score • 39 implied HN points • 05 Jun 23
💼 Business Data-driven Decision Making Data Monetization Compliance Investment Strategies
  1. Data monetization involves creating revenue streams by refining and selling accumulated data.
  2. Large Language Models (LLMs) are advanced AI models trained on vast amounts of text data for generating human-like responses in various applications.
  3. Alpha generation in finance refers to outperforming the market or generating excess returns in an investment strategy.

Breaking: Lineage Hit With FDIC Consent Order

Fintech Business Weekly • 2 HN points • 23 Feb 24
💰 Finance Banking Regulation Fintech Risk management Compliance
  1. Lineage Bank faced regulatory issues with the FDIC due to oversight failures in its banking-as-a-service partnerships.
  2. The consent order from the FDIC requires Lineage Bank to make significant changes in its management, risk assessment, and operational practices.
  3. The impact of Lineage Bank's BaaS wind down and the FDIC order on Synapse, Synctera, and their fintech clients is not yet clear.

Issue #79: Visa Gets In On Stablecoin Summer, Monzo Takes On Scam Callers, And ThetaRay Secures $57M To Fight Money Laundering

Fintech Radar • 4 implied HN points • 11 Sep 23
💰 Finance Fintech AI Compliance Investment Payments
  1. Visa expands stablecoin settlement capabilities by partnering with merchant acquirers, facilitating instant payment authorizations.
  2. Temenos introduces a generative AI tool to automatically classify customer banking transactions, potentially revolutionizing banking processes.
  3. ThetaRay raises $57M for AI tools to fight money laundering, showcasing the increasing importance of compliance-focused startups in fintech.

Everybody Hates Gary

Malt Liquidity • 1 implied HN point • 12 Sep 23
💰 Finance Securities Regulation Market structure Compliance
  1. Defining a fair market is complex and involves intricate operations and risk mitigation strategies.
  2. The SEC's role encompasses protecting investors, maintaining market fairness, and facilitating capital formation.
  3. Increased SEC regulations may unintentionally benefit large players, making it crucial to close loopholes accessible only to wealthy investors.

Compliance and Transparency of Immutable Functions in Diamonds

EIP-2535 Diamonds • 1 implied HN point • 07 Apr 23
🕹 Technology Blockchain Transparency Compliance Functions Data
  1. The EIP-2535 Diamond standard emphasizes the importance of emitting and returning immutable functions for transparency.
  2. Transparency is crucial to prevent confusion and incorrect data about immutable functions in diamonds.
  3. Ensuring compliance with EIP-2535 Diamond standards avoids situations where functions are unintentionally duplicated or incorrectly referenced.

Flexures and Compliant Mechanisms

Barn Lab • 0 implied HN points • 05 Mar 23
🔬 Science Compliance Robotics
  1. Flexures and compliant mechanisms are designed to provide flexibility and compliance in systems.
  2. Compliant mechanisms can transmit forces without introducing errors if kept under control.
  3. Flexures are used in various applications like robotics, MEMS, and optical systems for improved precision and durability.

Your licence to operate personal data

Privacy by Design: The Practitioner's Handbook • 0 implied HN points • 23 Mar 23
🕹 Technology Privacy Data Protection Ethics Trust Compliance
  1. Privacy is essential for protecting personal information, ensuring autonomy, and upholding fundamental rights and freedoms.
  2. Safeguarding privacy is the responsibility of every organization, involving legal obligations, ethical considerations, and the need to maintain trust with customers and partners.
  3. Implementing privacy by design principles, starting with a clear and comprehensive privacy policy, is crucial for organizations to maintain trust, accountability, and long-term success.

Daily AI Snapshot: US AI Regulations: A Patchwork Emerges

The AI Observer • 0 implied HN points • 12 Feb 24
🕹 Technology AI Regulations Innovation Compliance Policy
  1. In 2023, AI encountered significant innovation alongside heightened legislative scrutiny in the US, leading to a complex landscape of 190 state bills and 14 laws along with federal actions.
  2. The increasing regulation indicates a shift towards more controlled AI development at both state and federal levels that may impact how organizations utilize AI technologies.
  3. US AI regulations pose challenges but also present opportunities for safer and more responsible AI development, pushing companies to innovate within a legal framework.