Compliance Science

Founded in 2003, Compliance Science, Inc., now operating under the parent brand COMPLY, provides regulatory technology (RegTech) solutions for the financial services industry. The company operates on a software-as-a-service (SaaS) model, offering a web-based platform that helps compliance professionals monitor and manage employee-related risks and potential conflicts of interest. Its client base includes a wide array of financial services organizations such as hedge funds, private equity firms, broker-dealers, and registered investment advisers (RIAs). Revenue is generated through subscriptions to its compliance management platform and related services.

Amy Kadomatsu, who joined the company in 2018 as COO and later served as President, was appointed CEO in January 2021. Her leadership has been central to the company's growth, including securing a $120 million strategic investment from K1 Investment Management in June 2021. This investment fueled an expansion strategy that included several key acquisitions. In late 2021, ComplySci acquired National Regulatory Services (NRS), illumis, and RIA in a Box, a prominent provider of compliance and cybersecurity solutions for the wealth management sector. These acquisitions broadened the company's offerings, creating a comprehensive suite of governance, risk, and compliance (GRC) solutions. In November 2022, the company unified these brands under a single corporate umbrella called COMPLY to better integrate its services.

The ComplySci platform is designed to automate and streamline compliance functions, freeing up resources for compliance officers. The software helps organizations identify, monitor, manage, and report on conflicts of interest stemming from employee activities. Key features include tools for managing personal trading, political contributions, gifts and entertainment, and outside business activities. The platform provides automated alerts, pre-clearance capabilities, audit trails, and robust reporting and analytics. It is built to be scalable and can be customized to align with a firm's specific code of ethics policies. The system also supports mobile access, allowing employees to complete compliance tasks from any device.

Keywords: regulatory technology, compliance software, financial services, risk management, SaaS, GRC, conflicts of interest, employee monitoring, code of ethics, personal trading monitoring, RIA compliance, broker-dealer compliance, hedge fund compliance, private equity compliance, political contribution tracking, RegTech solutions, compliance automation, Amy Kadomatsu, K1 Investment Management, RIA in a Box, National Regulatory Services, illumis, COMPLY