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Financial Services Regulatory Compliance Leader Iain Duke-Richardet Joins Hearsay Systems as Compliance Strategy PrincipalHearsay Systems, the leader in compliant last mile digital communications for the financial services industry, today announced the appointment of financial services compliance veteran Iain Duke-Richardet as Compliance Strategy Principal. Duke-Richardet was an original member of FINRA's Social Media Task Force, which provided industry input to FINRA's initial guidance (FINRA Notice 10-06) regarding how financial firms and advisors should use social media. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200624005282/en/ As Hearsay's Compliance leader, Iain Duke-Richardet and his team will guide Hearsay's 100+ global financial firm clients around the ever-evolving regulatory landscape. (Photo: Business Wire) As Hearsay's Compliance leader, Duke-Richardet and his team will guide Hearsay's 100+ global financial firm clients around the ever-evolving regulatory landscape. He will be actively engaged with Hearsay's product teams so Hearsay's solutions continue to address new complexities as a strategic advantage to firms' digital client experience initiatives. Such challenges range from establishing new operating models in response to COVID-19, to adapting to various regulatory developments specific to Wealth & Asset Management, Banking, Insurance and Mortgage verticals. "As a former compliance officer at a large global bank, I have seen first-hand that regulatory compliance is one of the most challenging aspects of digital transformation for financial services organizations," says Duke-Richardet. "Accelerated (News - Alert) by COVID-19 and Reg BI, firms must rapidly adapt to new digital client engagement models, yet time and resources especially in compliance groups are stretched thin. As a longtime former Hearsay customer and user myself, I have personally experienced the breadth and depth of Hearsay's commitment to compliance teams, and I'm thrilled to expand on this foundation, continue the company's long-standing relationship with regulators like FINRA and FCA, and enable my peers who are compliance officers to play a strategic role in their firms' digital transformation initiatives." Duke-Richardet is a widely recognized authority on global technology-related legal and regulatory issues. He joins Hearsay from Accenture (News - Alert), where he was a leader in the Regulatory & Compliance Practice and partnered with clients on a range of issues including regulatory change, regulatory reporting, technology-related legal and regulatory issues, cybersecurity, privacy, and communication and trading surveillance. Previously, Iain spent over a decade a a compliance officer and leader at global financial services firms including RBC Capital Markets, Lehman Brothers (News - Alert), Barclays Capital, and Goldman Sachs & Co. "Compliance has always been a foundational pillar of our company's products and services, as it is the price of admission in financial services," said Clara Shih, CEO and founder of Hearsay Systems. "As a leading expert in emerging areas of compliance who literally helped write the social media regulatory rules in 2006, Iain will be a tremendous asset to our leadership team. As a Hearsay customer, Iain frequently had strong opinions about our compliance product direction and functionality, and I'm thrilled now that he gets to own this!" Hearsay Offers Trusted Last-Mile Compliance Solutions Amid Uncertainty From banking and wealth management to insurance and mortgage, financial services industries remain among the most highly regulated worldwide, and compliance is only becoming more complex with changing consumer expectations and enterprise implementations of new cloud and mobile technologies. As financial services firms react to emerging guidance such as FINRA's Notice 20-16 and economic shifts due to COVID-19, and introduce processes to comply with new rules including Reg BI set to go into effect on June 30, 2020, business-led control functions and Compliance teams must quickly adapt while continually becoming more efficient and accurate with the help of technology such as Hearsay's Compliance Platform. Hearsay's Compliance Platform To help financial services organizations cut through the noise and remain in compliance amid the challenging regulatory environment, Hearsay's products and services deliver these core compliance benefits:
To learn more about how Hearsay can help your business prepare for Reg BI or overcome other compliance challenges, please visit https://hearsaysystems.com/solutions/compliance-supervision/. About Hearsay Systems Hearsay Systems is reinventing the advisor-client experience in wealth management, property and casualty and life insurance. The Hearsay Client Engagement Platform allows advisors and agents to authentically and intelligently grow business relationships by proactively guiding and capturing the last mile of digital communications. Only Hearsay delivers the human client experience at scale. Over 150,000 advisors and agents at the world's largest financial services firms leverage Hearsay to scale their reach, optimize sales engagements, and deliver exceptional client service that builds stronger relationships and grows their business. Built for the enterprise, Hearsay guides your field to deliver a consistent and compliant experience to each and every client to ensure all advisors and agents perform like your best. Hearsay is headquartered in Silicon Valley with locations throughout North America, Europe and Asia. Connect on Facebook, Twitter, LinkedIn and the Hearsay blog. View source version on businesswire.com: https://www.businesswire.com/news/home/20200624005282/en/ |