September 17, 2020

illumis Compliance - Fall Product Update

This summer we’ve continued to build out powerful tools on our political contribution compliance platform to better serve our customers. Today, we’re excited to share three big features we added to the illumis platform:

Automatically Populate Candidates in Preclearance. Dynamic integrated candidate data simplifies the preclearance process for employees, and helps ensure that you get clean and consistent data on candidates, committees, offices, and jurisdictions. This cuts down on research times, produces more accurate data, and provides a much better employee experience. Even better, having consistent candidate data will enable automated preclearance rules.

Automated Matching Between Preclearance and Monitoring Records. With your monitoring and your preclearance data in the platform, illumis will automatically match new monitoring records to the corresponding preclearance records, and notify you of those that aren’t matched. This makes it easier to understand potential exceptions, and helps streamline and simplify reconciliation processes

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Rule-Based Workflow Automation - Create new rules to easily automate processes. For example, you can automatically update the statuses of records that are matched. When a record that was precleared is matched with a newly detected monitoring record, that record will automatically have its status updated to ‘precleared’. These sorts of workflow rules can help save your team time managing the data in the platform.

We’d love to share more, and see if the platform might be a good fit for your team. If you’d like more information, please contact us using the form below.


compliance updates
David Lombardy recently launched his own regulatory and compliance consulting firm, Pillar Compliance Group, to assist investment managers with the development, implementation, and ongoing monitoring of their compliance programs. In reviewing the regulatory environment around pay-to-play compliance, he saw the value in using illumis’ political contribution monitoring platform to provide the best risk coverage available for his clients.
compliance updates
For the last few months, Blucora – a FinTech company providing software solutions for wealth management and tax preparation – has waged a war against Ancora, an Ohio-based investment advisor who had acquired a minority stake in the company and sought to reconstitute Blucora’s board.
news
We are excited to announce that illumis has been named “Best RegTech Startup” in the 2021 FinTech Breakthrough Awards! The award recognizes our creativity in mitigating operational risk related to political contributions and pay-to-play risk.