eSignature Licitness for Employee Compliance Survey in UAE

How to eSign a document: eSignature licitness for Employee Compliance Survey in UAE

my name is Rob Koval I'm the CEO at Nahas we're based out of Palo Alto in California like to think they're all good nice come from and and it's great to be here in New York City I went to school not far from here so it's like coming back home a little bit and so before we get started I'll tell you a little bit about Nahas we've been working in the financial services industry for about a decade with some of the large banks such as and Citibank and some mid market banks such as First National Bank of Omaha if you ever received any sort of offer from either to email Direct Mail or any other channel it probably came through our software so the genesis of what we're going to show you today came out of the fact that as we were executing on all these marketing communications we've started finding out that compliance and regulations was becoming the bottleneck and and we needed to kind of solve these problems for our customers and so there were three problems what we found that all you folks were struggling with and you can tell me by show of hands if you guys are having this problem one thing was that all the second party folks were looking at every document manually right they were reading it from corner to corner and and they were always worried I'd be gonna miss something and the worst thing for the first line of defense was it was the first line of defense would go babe wait a minute depending on the compliance person I get today I'm gonna get a different answer so if it doesn't work today let me just try again tomorrow maybe this time they will pass it through right and and the second line of defense what the folks the compliance people were saying that oh my god the first line of defense people didn't never do a good enough job right they're always sampling they're not doing a comprehensive coverage right so it was one of those things that these to come these two organizations that had to kind of work together we're always feeling a little bit on opposite sides of the fence right so we needed to kind of help them kind of solve this problem and the last thing as we talk to the compliance folks was that collecting all this evidence storing it retrieving it for all the regulators were just a pain in the butt now can I say but okay I said it anyway right what was just really painful right 44 kind of say so we ended up building this platform using AI as the cold technology to solve all these three problems so I would like to introduce today compliance AI and this this this tool is going to be the best assistant you can think about that you'll have right first of all for many many years working with all these large banks has been training on all the regulations so it understands what all the different regulations follow for all the different type of documents you need to review number two it's going to help you be 100% accurate and the best part about it it never has a bad day and probably won't ask for a raise so so so let's start so we have bought up a document and it could be any document in this case it's a direct mail solicitation right you look at the direct mail solicitation on the I don't know how to say this yeah on the right hand side you're seeing all the different sets of rules or areas that you need to evaluate right you have offers that need to be looked at there are brand guidelines in this case and then their disclosure validations right so the the tool is pretty expansive it can work across a lot of different domains in this case we will figure out how to look at offers and how to look at disclosure validations so as you know for any type of content there's so many different ways to say anything right you can say it I can say I have a zero percent into a PR or I can say intro APR is zero percent right so the AI is able to understand the context where everything works in and it can it can extract all this information out an intelligent way from any type of document and after instructing the information we'll go through every document and tell you is my intro Apr so as you can see on the right hand side page one page two page three if the intro APR existed in the Schumer box and since there was the Schumer box the intro APR had to have a higher point size it knows that because of the Schumer regulation the API needs to have a higher point size it will it will will flag all that stuff right but on the same thing there's a term associated with this right so when you look at the intro term it says there's a problem with the intro term so what that means is if I look at the inter term the first page or the first part of the document showed it was 20 months and if you go to the next part of the documents at 15 months so it understands context and it's able to kind of look for uniformity right one of the biggest things I heard today was how can I beat this uniform right how can I make sure that everybody's looking at all the regulatory documents the same way the system is able to do that the second thing will show you what disclosures right a simple rule is you're pre-selected to apply if I say you're pre-selected to apply what that really means is in the disclosure I need to have a pre-screen notice right because it was a pre-approved offer right in this case the system will automatically go through and check if you have any sort of marketing claim truth in disclosures if any sort of marketing claim I will ensure that the marketing claim is either properly disclosed and if it's not disclosed it will let you know right so 100 it will gonna ensure in a lot of cases that you don't miss any anything next thing what you'll see is it's got collaboration also also built in so suppose you as a regulator say oh you know what there's a problem with over here I need to let somebody know there's a problem I need you to go fix it right this person cannot go into this document they can make a comment they can let the person know what they really need to fix so all the collaboration between different parts of your department can all be done in one platform but the best part about this right is anything you do right the AI when it runs a report any comments you make every approval you make is all versioned and kept in the platform so I can go back from the history and I can look at any change somebody had asked for or anything where everything is going to be available in one central platform so in ever have to go look or find things in SharePoint and other different sites right like most finally find their like for the places they have kept all this information in this case this information can centralize and in combination with all those things right we also provide all sorts of kind of tools to make this process of kind of reviewing compliance information super super easy right we have compared tools right so for example I've done one round a review on this document then ask for some changes well when the changes come back in a lot of cases you're like oh great I need to read the whole damn thing again right and unless people rub proofreading etc right so what you'll find out is we can do digital compares around these documents across all the different channels you can look on the right hand side is the initial document I made a change to the API because I needed an new thing will kind of tell you what the new document looks like so you can exactly go where we need to do so so what we've been able to do at these large institutions and this financial institution is really really bulletproof compliance more than happy to talk about it yeah we have a camp and I'm not sure John one of the sales guys over here I think if he stands up I'll let him know there he's sitting in the back if you need to talk to him it'll be great and I wanted to get two minutes before two seconds before so I attended good graces all right I'm done [Applause]