GDC brings unparalleled insight to help industry compliance teams and customers adjust with new chief compliance officer and the formation of a compliance advisory board.
GDC is proud to announce that James Philip is going to be joining the team as our Chief Compliance Officer.
While it’s not yet common practice in our industry, having a Chief Compliance Officer will help GDC and their customers navigate an increasingly complicated regulatory environment, and build customer onboarding systems that maintain compliance yet reduce friction.
The myriad of emerging regulatory and social issues we face today are shaping our industry for tomorrow. Data privacy laws and other compliance regulations are constantly in flux and more complicated than ever. Furthermore, as more businesses pivot towards online transactions, maintaining compliance will be a challenge.
In addition to directing compliance initiatives internally, Mr. Philip will be leading our industry-first Compliance Advisory Board (CAB). GDC’s CAB is an independent body of compliance professionals that help others in the industry manage the challenges of protecting data privacy and maintaining compliance with other global regulations.
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“Having the CAB makes GDC uniquely positioned in our market to help GDC customers by providing resources to help them better understand compliance regulations in their industry sectors,” says Bill Spruill, GDC Co-Founder and CEO. “The CAB also allows our team to empathize with real customer challenges, helping us answer the right questions.”
As financial transactions become increasingly accessible in an online app-powered world, financial services companies must meet growing global regulatory anti-money laundering requirements. Many financial services business compliance teams are challenged with oversight of processes and procedures to onboard customers and execute transactions. They must keep the experience user friendly, while at the same time being compliant with anti-money laundering and know-your-customer regulations.
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