Innovation In Compliance With Tom Fox

Chenthil Eswaran is the Practice Head of Enterprise Solutions at Aspire Systems and is Tom Fox’s guest this week on the Innovation in Compliance Podcast. Chenthil leads go-to market strategy, implementation, and is a thought leader in CX Transformation. Prior to his current role at Aspire, he held application development, application maintenance, and managerial positions. On this week’s show, he and Tom are talking about cloud and data storage, data security, and how compliance professionals can create a digitally fluid future for their companies. Cloud Adoption The pandemic caused businesses that were initially hesitant to engage in digital transformation to upgrade their operations. Chenthil tells Tom it’s a perfect time to take stock of the impact of cloud power on business applications. “We need a collaborative tech ecosystem that allows both systems and cloud applications to work in unison,” he remarks. “That way you get the ability to shift certain workloads to the cloud-based on the evolving demands.

Zach Moreno and Rockwell Felder are the co-founders of SquadCast. Their company’s mission is to make it easier for their clients and their clients’ guests to have meaningful conversations while offering the best quality in remote locations. Zach is a podcaster, an author, a developer, a designer, and an artist. Rockwell is a CPA and an entrepreneur.  Zach and Rockwell join Tom Fox on this week’s episode to talk about collaboration, the podcast industry, and the ways Squadcast helps its clients. Origins of Squadcast Squadcast was founded to fix the problem of poor quality technology within the podcast community. Zach and Rockwell tell Tom how they started the company: “When [Zach] approached me with this idea...I was really ready and the fact that it was rooted at this intersection of podcasting and remote collaboration, which he and I think we're very fortunate to be exposed to early on in our career,” Rockwell says. Building a product that helps creators collaborate in a high-quality manner just made sense

In this special episode of K2's Integrity Matters podcast series, I visit with Gabe Hidalgo. Hidalgo is a Managing Director at K2 Integrity. He has 20 years of legal, regulatory compliance, and Anti-Money Laundering (AML) experience working with wholesale and retail banks, FinTech companies, broker/dealers, and money services business entities. Hidalgo is a recognized subject-matter expert in the cryptocurrency and digital assets market and is able to help clients navigate and mitigate Bank Secrecy Act and Anti-Money Laundering (BSA/AML) compliance risks. In this podcast, we take a deep dive into the current issues around cryptocurrency regulation and where they may be headed down the road. Some of the highlights include: The Current Landscape Consumer and institutional push into crypto. NFTs are growing in popularity. What is the significance? Heavy institutional hitters buying in of late. Is the little guy now cut out? Current Regulatory Climate Alternative currency has gone from to an asset class bein

Jeffrey Hayzlett is a global business celebrity, the CEO of The Hayzlett Group and the founder of The C Suite Network. He is a primetime television and podcast show host, author, and a keynote speaker. As a leading business expert, Jeffrey has shared his insight and expertise through various television networks and around the world via his travels. Tom Fox welcomes him to this week’s episode as they discuss the C-Suite Network, diversity, and the effects of COVID-19 on executives. Pivoting in The Pandemic The pandemic made Jeffrey and his team consider what they could do differently about their network conferences. “It really got down to the fundamental piece . . . we really don't have to be together, meaning face-to-face to do the work that we need to do,” Jeffrey tells Tom. Tom remarks that this approach transformed the C-Suite Network as its membership grew exponentially. The key element, Jeffrey stresses, is that everyone wants to come together to do something together, and to learn and share each other’

Welcome to a special five-part podcast series sponsored by K2 Integrity. In this series, we have considered the intersection of compliance, diligence and mergers & acquisitions (M&A). I have been joined by Hannah Coleman, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. She specializes in fast-moving, complex, and specialized research assignments in a variety of areas including investigative due diligence, corporate contests, intellectual property investigations, media transparency assessments, and litigation support. Also joining this series is Tom Pannell, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. With a focus on financial investigations, Tom leads multi-disciplinary teams working with corporate clients and their legal advisors responding to crisis events, including multi-jurisdictional white-collar crime, misconduct, financial statement fraud, anti-bribery and corruption incidents, and compliance risk advisory work. In this concluding episo

Welcome to a special five-part podcast series sponsored by K2 Integrity. This month we consider the intersection of compliance, diligence and mergers & acquisitions (M&A). I am joined by Hannah Coleman, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. She specializes in fast-moving, complex, and specialized research assignments in a variety of areas including investigative due diligence, corporate contests, intellectual property investigations, media transparency assessments, and litigation support. Also joining this week’s series is Tom Pannell, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. With a focus on financial investigations, Tom leads multi-disciplinary teams working with corporate clients and their legal advisors responding to crisis events, including multi-jurisdictional white-collar crime, misconduct, financial statement fraud, anti-bribery and corruption incidents, and compliance risk advisory work. In this episode, I visit with Tom ab

Welcome to a special five-part podcast series sponsored by K2 Integrity. This month we consider the intersection of compliance, diligence and mergers & acquisitions (M&A). I am joined by Hannah Coleman, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. She specializes in fast-moving, complex, and specialized research assignments in a variety of areas including investigative due diligence, corporate contests, intellectual property investigations, media transparency assessments, and litigation support. Also joining this week’s series is Tom Pannell, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. With a focus on financial investigations, Tom leads multi-disciplinary teams working with corporate clients and their legal advisors responding to crisis events, including multi-jurisdictional white-collar crime, misconduct, financial statement fraud, anti-bribery and corruption incidents, and compliance risk advisory work. In this third episode, I visit with

Welcome to a special five-part podcast series sponsored by K2 Integrity. This month we consider the intersection of compliance, diligence and mergers & acquisitions (M&A). I am joined by Hannah Coleman, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. She specializes in fast-moving, complex, and specialized research assignments in a variety of areas including investigative due diligence, corporate contests, intellectual property investigations, media transparency assessments, and litigation support. Also joining this week’s series is Tom Pannell, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. With a focus on financial investigations, Tom leads multi-disciplinary teams working with corporate clients and their legal advisors responding to crisis events, including multi-jurisdictional white-collar crime, misconduct, financial statement fraud, anti-bribery and corruption incidents, and compliance risk advisory work. In this second episode, I visit with

Kayvan Alikhani is the CEO and co-founder of Compliance.ai, a company dedicated to empowering professionals with the smartest regulatory and compliance change management platform. He has over thirty years of experience and expertise in software and cybersecurity. Tom Fox welcomes him to this week’s episode as they discuss modernizing compliance practices and helping risk practitioners do a better job of managing risk. Red Tech It used to be that compliance professionals could manage the pace and complexity of regulations and changes happening around them with simple tools. Presently, the scope of changes and complexity has increased, giving rise to a set of modern solutions that can capture, monitor, and take action on these changes. This modern technology is called red tech.  Compliance Meets AI Tom asks Kayvan to explain what ‘Compliance meets AI’ means to him. Kayvan responds that it means using AI to help compliance professionals make regulatory changes. “Artificial intelligence emerging as a stable, re

Welcome to a special five-part podcast series sponsored by K2 Integrity. This month we consider the intersection of compliance, diligence and mergers & acquisitions (M&A). I am joined by Hannah Coleman, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. She specializes in fast-moving, complex, and specialized research assignments in a variety of areas including investigative due diligence, corporate contests, intellectual property investigations, media transparency assessments, and litigation support. Also joining this week’s series is Tom Pannell, Managing Director in K2 Integrity’s Investigations and Risk Advisory practice. With a focus on financial investigations, Tom leads multi-disciplinary teams working with corporate clients and their legal advisors responding to crisis events, including multi-jurisdictional white-collar crime, misconduct, financial statement fraud, anti-bribery and corruption incidents, and compliance risk advisory work. In this first episode, I visit with

Justin Beals is the CEO and co-founder of Strike Graph, a company helping customers get through their cybersecurity audits. He’s a serial entrepreneur with expertise in AI, cybersecurity, and governance. He founded Strike Graph with the goal to make cybersecurity standards easy to understand and easily accessible. Tom Fox welcomes him to this week’s show to discuss cybersecurity, auditing, and building maturity within an organization. SOC/SOC2 Audit Justin explains to Tom the origins of SOC: it was created to ensure that third-party vendors who trade with public companies, and the public companies themselves, were implementing effective cybersecurity practices. SOC2 Audit is a cybersecurity standard that focuses on security within an organization in a number of ways including HR practices, code of conduct, and other compliance liability issues. SOC2 analysis is about how data is encrypted and how new codes get put on servers. “The achievement of something like a SOC2 represents two things: one is an organiza

Rashelle Tanner is the Director of Compliance Learning Program at the Office of Legal Compliance at Microsoft. A senior attorney, she is responsible for the trust and integrity learning program for Ethics and Compliance. Rashelle develops and delivers learner-centered anti-corruption and ethical decision-making courses that empower employees to do business the right way. Tom Fox welcomes her to this week’s show to discuss how compliance professionals can incorporate and promote integrity in training, and how to reimagine training in innovative ways for the organization’s ultimate benefit. The Importance of Integrity Tom asks Rashelle to explain why integrity is integral to compliance. She stresses that people have to follow rules not just because they’re there, but also because they feel motivated to do so. The focus on “doing the right thing” is becoming less on what you can and cannot do, and more on your day-to-day decisions. Focusing on integrity will help you make more ethical decisions. Compliance and

Stacey Hanke is an author, keynote speaker, and the founder of Stacey Hanke Inc. The goal of Stacey Hanke Inc is to help leaders become their true selves by equipping them with the tools to increase their confidence and authenticity. Tom Fox welcomes her to this week’s show as they discuss influence and how it can help leaders and people who simply wish to learn how to become better employees. The Importance of Consistency Tom asks Stacey to explain why consistency is critical to influence. Stacey expresses that it shows our peers, customers, and employees who we truly are as business leaders. Consistency in all forms within your organization - from how you answer messages and calls, to how you show up for interactions - builds trust. The moment we stop behaving consistently, we run the risk of individuals second-guessing who we are, and that creates a break in trust. Trust is the backbone of influence. Trust comes from respect, and they both work together to drive influence, so leaders have to stay consiste

Today, we wrap up our multi-part podcast series, Smart Automation for Risk Management, sponsored by Lextegrity Inc., with a special bonus episode where Parth Chanda, Founder and Chief Executive Officer (CEO), and I discuss Lextegrity’s Integrity Analytics Collective.  What is the Integrity Analytics Collective? I put that question to its founder Chanda. He related that it was launched in 2020 “in partnership with nearly a dozen partner organizations from across the world.” It’s ultimate goal is to “collaborate with thought leaders to further democratize data analytics for organizations of all sizes globally.” The Collective brings together the practitioners from member organizations “who are really ‘into the weeds’ practitioners, they are thought leaders in those organizations and they bring all of us together with as well.” What we all have in common is “a desire to raise the standard of data analytics for everyone who wants access to them.” The Collective wants to help organizations of any size in the world

Welcome to a multi-part podcast series, Smart Automation for Risk Management, sponsored by Lextegrity Inc. Over this series, we have visited with Parth Chanda, Founder and Chief Executive Officer (CEO), Andy Miller, Chief Analytics Officer, and Kara Bonitatibus, Head of Product. We have looked at the Lextegrity Product Suite, taken a deep dive into continuous risk monitoring, considered pre-approvals and third-party due diligence and integrations and user experience. In a special bonus episode, Chanda and I will discuss the Integrity and Analytics Collective. In Episode 5, I visit with Bonitatibus on integrations and the user experience.  We began with data integration, which is one of the biggest challenges facing every Chief Compliance Officer (CCO), compliance professional and indeed corporate compliance function. Bonitatibus said the starting point is to create software solutions that are intuitive, data-driven and integrated. Lextegrity has created various integrations in the pre-approval application, co

Welcome to a multi-part podcast series, Smart Automation for Risk Management, sponsored by Lextegrity Inc. Over the course of this series, we are visiting with Parth Chanda, Founder and Chief Executive Officer (CEO), Andy Miller, Chief Analytics Officer, and Kara Bonitatibus, Head of Product. We have reviewed Lextegrity Product Suite, taken a deep dive into continuous risk monitoring, considered pre-approvals and third-party due diligence and integrations and user experience. In a special bonus episode, Chanda and I will discuss the Integrity and Analytics Collective. In Episode 4, I visit with Bonitatibus on pre-approvals and third-party due diligence.  We began with a discussion of the pre-approval process and third-party due diligence monitoring tools that Lextegrity has developed. Bonitatibus initially noted that often times the business folks see the compliance function as the department of holding things up. This led the Lextegrity team to look at questions such as “how do you build a system that is eas

Welcome to a multi-part podcast series, Smart Automation for Risk Management, sponsored by Lextegrity Inc. Over the course of this series we will be visiting with Parth Chanda, Founder and Chief Executive Officer (CEO), Andy Miller, Chief Analytics Officer, and Kara Bonitatibus, Head of Product. We are reviewing the Lextegrity Product Suite, taking a deep dive into continuous risk monitoring, considering pre-approvals and third-party due diligence and integrations and user experience. In a special bonus episode, Chanda and I will discuss the Integrity and Analytics Collective. In Episode 3, I conclude my two-part visit Miller about risk monitoring with data analytics.  We began with the Department of Justice’s (DOJ) 2020 Update to the Evaluation of Corporate Compliance Programs, (2020 Update), which mandated for the first time that compliance practitioners and the corporate compliance function have access to a company’s data lakes. Miller believes the DOJ 2020 Update has really been an eye opener for a lot of

Welcome to a multi-part podcast series, Smart Automation for Risk Management, sponsored by Lextegrity Inc. Over the course of this series, we will be visiting with Parth Chanda, Founder and Chief Executive Officer (CEO), Andy Miller, Chief Analytics Officer, and Kara Bonitatibus, Head of Product. We will look at the Lextegrity Product Suite, take a deep dive into continuous risk monitoring, consider pre-approvals and third-party due diligence and integrations and user experience. In a special bonus episode, Chanda and I will discuss the Integrity and Analytics Collective. In Episode 2, I begin a two-part exploration Miller about risk monitoring with data analytics. We began with a discussion about what a continuous monitoring solution is. Miller said that it “provides compliance and audit teams with a comprehensive way to keep a pulse on transactional spend and revenue risk in their enterprise.” The Lextegrity application “features a library of dozens of prebuilt risk data analytics across a spectrum of focus

Tom Fox’s guests this week are Anil Karmel and Travis Howerton, co-founders of C2 Labs. They both had leading positions in the government’s nuclear weapons program and left to found their company. They and Tom talk about “fixing the cadence mismatch” between digitally transforming heavily regulated industries and the need for compliance. Technology vs Compliance “Business processes in heavily regulated industries are built to standardize the way systems are built, designed, deployed and to protect the organization,” Anil remarks. “So you know really to transform technology business processes need to also be transformed… There's really been this need to fix this cadence mismatch between the need to be compliant and the need to modernize technology.” Travis adds that two-thirds of organizations find digital transformation challenging. Their goal at C2 Labs is to help clients modernize their business processes using technology tools, while maintaining compliance, and even reducing cost and risk. RegOps in Comp

Welcome to a multi-part podcast series, Smart Automation for Risk Management, sponsored by Lextegrity Inc. Over the course of this series, we will be visiting with Parth Chanda, Founder and Chief Executive Officer (CEO), Andy Miller, Chief Analytics Officer, and Kara Bonitatibus, Head of Product. We will look at the Lextegrity Product Suite, take a deep dive into continuous risk monitoring, consider pre-approvals and third-party due diligence and integrations and user experience. In a special bonus episode, Chanda and I will discuss the Integrity and Analytics Collective. In Episode 1, we meet Chanda, Miller and Bonitatibus who introduce Lextegrity and the Lextegrity Product Suite.  Lextegrity began through a frustration Chanda had with the then products available to him for a compliance solution from the data analytics perspective, which would utilize data for risk management. Out of this frustration, Lextegrity was founded by subject matter experts across compliance, legal and audit disciplines with a real