aosphere launches RegTech Apps for online subscription services
15 November 2017
aosphere, Allen & Overy’s online legal subscription business, has launched a range of RegTech Apps as part of its product offering to financial services clients.
aosphere has worked with Neota Logic, producer of an Artificial Intelligence (AI) software platform, to create three Apps, each of which extracts and presents key information from one of aosphere’s cross-border services.
The apps are the first output to emerge from aosphere’s use of the Neota Logic software, and represent an important step towards making complex legal data easier and quicker for clients to access.
The Marketing Unregistered Funds Into Europe App untangles the rules applicable for non EU managers marketing funds into the EU. Clients can find the content that fits their profile by selecting jurisdictions and the preferred marketing strategy to tailor the results. In a matter of seconds clients are presented with a comparison between the likely complexity of marketing in different ways across Europe.
The G20 Equivalence App uses data from aosphere’s Rulefinder G20 service to show clients which jurisdictions have adopted equivalence determinations for the topics covered by the rules governing OTC derivatives regulation, such as clearing and margin rules.
The Initial Thresholds App presents users with a snapshot of the major shareholding disclosure thresholds, which clients can view for the jurisdictions which matter to their business.
Client experience has been the key driver behind this product development. The aim is to provide clear and user-friendly initial guidance before a client delves into the detailed legal content that aosphere provides.
“We have always had incredibly detailed data as a core part of our services,” says Claire Farley, aosphere Executive Director, former A&O M&A transactional lawyer and most recently app coder. “The difference now is that clients can interact with that data through different applications to apply complex law and regulation to their own scenarios.”
“With the design of these RegTech apps, the aosphere team has demonstrated that it truly understands the challenges faced by clients with cross-border financial services delivery. We’re thrilled to see our technology put to work to help its clients reduce risk in day-to-day business operations easily and around the clock,” said Rick Seabrook, Managing Director of Neota Logic, EMEA.
“As well as assisting existing clients, this development provides another marker in differentiating aosphere from the competition,” noted Clare Godson, aosphere Executive Director. “These apps are already helping persuade clients to choose us over our competitors by clearly demonstrating our commitment to continually improving how we deliver critical legal information to our clients”.
To find out more about aosphere visit www.aosphere.com
About Neota Logic
Neota Logic delivers artificial intelligence software for the automation of legal and compliance. Its AI software platform allows clients to rapidly automate their lawyer’s expertise, helping them to improve the quality of their business decisions while reducing risks and costs. For more information, visit http://www.neotalogic.com.