Evidology Systems Ltd,
46 New Broad Street,
London EC2M 1JH

+44 203 651 5542

NEWS & EVENTS

Evidology Systems, the company behind the innovative QED platform which provides businesses with real-time compliance metrics and horizon scanning to manage regulatory change, has now implemented a series of extensions to enable AI scenario analysis of its underlying model inside third-party applications and workflows.

Evidology Systems, the company whose revolutionary QED model provides businesses with access to real-time horizon scanning and automated audit trails to monitor the regulatory landscape and implement changes, has announced the first phase of integrating compliance evidence change monitoring into QED. The system is due to be implemented across MS Office in the coming months, but at this time Microsoft Teams’ 270 million users will be the first group to benefit from this update. This initial phase of implementation will provide real-time alerts of any activities undertaken by companies to update their compliance. 

Evidology Systems Ltd., the RegTech/LegalTech company that is revolutionising the compliance landscape, has been nominated for three awards at this year’s European RegTech Insight Awards. The firm, which ensures businesses can be confident in their compliance, has been shortlisted for “Best Solution for Regulatory Change Management”, “Best Solution for Digital Transformation in Regulatory Compliance” and “Best RegTech Early-Stage Business”.

By: Rupert Brown, CTO Evidology Systems

This article Is being written at the beginning of February 2022 as the world holds it breath watching the amassing of troops and weaponry on the Russia/Ukraine border – the impact of the current wave of Covid now seems to be fading, and should military action occur, then it will become the dominant “News Variant” for the foreseeable future.

By: Rupert Brown, CTO Evidology Systems

This article Is being written at the beginning of February 2022 as the world holds it breath watching the amassing of troops and weaponry on the Russia/Ukraine border – the impact of the current wave of Covid now seems to be fading, and should military action occur, then it will become the dominant “News Variant” for the foreseeable future.

Evidology Systems, the RegTech/LegalTech start-up that is transforming the way firms handle their compliance to principle-based regulations, has been nominated for FinTech/InsurTech Start-up of the Year for the second year running. This nomination follows their 2021 award successes, including being named LegalTech of the year by TechRound...

There will be more data breaches across companies of all sizes – this will lead to continuing sensationalist reporting about potential GDPR fines, even though the 4% of turnover maximum levy has never been applied. It is also certain that there will be more sabre rattling from the EU as it attempts to “tax” US tech giants by trying to find flaws or egregious practises in their customer data management....

Evidology Systems, the RegTech start-up that is transforming the way firms handle their compliance, has been selected to feature in the 2022 RegTech100 list. Evidology Systems is the creator of the revolutionary technology, QED (Quality and Evidence Driven), a unique solution not replicated anywhere else in the market. It utilises an empirical approach to addressing the complex issues surrounding the demonstration of compliance with principles-based regulations.

This article is being drafted as the UN Climate Change Summit in Glasgow, aka COP26, comes to a close, culminating in the haggling over the complex details of emissions targets and potential regulations that need to be enacted on a worldwide basis.

Evidology Systems has been nominated by the Computing Technology Product Awards for Technology Innovator of the Year as well as Best Software-as-a-Service Provider. Evidology Systems is the creator of the ground-breaking QED (Quality and Evidence Driven) platform, which helps businesses manage compliance and regulatory change, keeping them up to date with the latest interpretations of regulation legislation.

Data content, governance and security have been very much to the fore across international media over the past few weeks with many of the “usual suspects” featuring in the headlines. None of the incidents raise any particularly new issues, but their continuing occurrence suggests there is little progress in addressing root cause problems. It also begs the question, do we really understand these problems?

Evidology Systems has been recognised by the RegTech Insight Awards USA for Best Compliance as a Service Solution for its compliance of principles-based regulations via the cloud. The company is the creator of the revolutionary technology, QED (Quality and Evidence Driven), which helps US firms monitor evolving regulations and manage compliance, including for regulations such as the California Consumer Privacy Act (CCPA).

The number 1 ranked LegalTech company of the year, Evidology Systems, has been shortlisted by the Data Management Insight Awards for Best Data Solution for Regulatory Compliance. Evidology Systems has dedicated the past 2 years to the development of its QED (Quality and Evidence Driven) platform, which helps businesses manage compliance and stay on top of regulatory change. 

The industry leading RegTech company, Evidology Systems, has been shortlisted for RegTech Project of the Year by the National Technology Awards. Evidology Systems, the creator of QED (Quality and Evidence Driven), has dedicated the last year to making regulatory compliance easier for companies.

Evidology Systems named best LegalTech company in 2021

Evidology Systems has been ranked the best LegalTech company by TechRound in their 2021 rankings. The creators of the risk assurance QED (Quality and Evidence Driven) platform, Evidology Systems, have led the industry in the systematic interpretation of statutory and regulatory texts to ensure businesses are able to stay compliant with principles-based regulations.

Evidology Systems nominated for 5 awards by RegTech Insight awards - APAC

There is the well-known saying “you wait ages for a London bus and then three come along at once”, and this is particularly applicable for RegTech company, Evidology Systems ,Ltd., who have waited for the shortlisting results of the RegTech APAC Insight Awards and, to their surprise, they didn’t get just one, but five all in one go.

Start-up RegTech company, Evidology Systems, nominated by FStech Awards

Evidology Systems Ltd., the London-based RegTech company, has been shortlisted by this year’s FStech Awards. The firm, which aids companies in their compliance with regulations such as GDPR, FRTB, SMCR and ISO 27001, has been chosen as a finalist in the “FinTech or InsurTech Startup of the Year” category for the 2021 awards.

Innovator of the Year nomination for Rupert Brown, CTO of Evidology Systems

The CTO of Evidology Systems Ltd., Rupert Brown, has been nominated for “Innovator of the Year” at the 2021 UK FinTech awards. Brown, who is the brains behind the QED technology at Evidology Systems, faced fierce competition at this year’s UK FinTech awards, with over 300 entries.

Rupert Brown, the CTO and founder of the revolutionary RegTech company, Evidology Systems Ltd., has been shortlisted for “FinTech Person of the Year” at this year’s FTF awards. Evidology Systems was founded by Rupert Brown alongside Ian Hillier-Brook in 2019 to ensure that financial firms are able to meet and maintain compliance for regulations such as FRTB, SMCR, GDPR, and PSD2.

By Rupert D.E. Brown, as seen on Global Banking and Finance Review

The events of the first two decades of the 21st century have made the world’s businesses and general populations far more risk-aware and risk-averse: in this period we’ve seen natural disasters, multiple pandemics, major terrorist events, a major financial crash and, of course, most recently the blocking of the Suez Canal by a single ship that halted a significant proportion of global physical trade for a week. And yet the systematic evaluation and mitigation of risk remains a challenge, especially outside of complex financial analysis, where the 2008 crash forced a major rethink and improved financial risk measurement and controls across the globe...

By Rupert D.E. Brown, CTO Evidology Systems

Open banking as a concept was brought to life in the UK when the Competition and Markets Authority (CMA) published its report 'Making Banks Work harder for you' in August 2016. At the heart of this report were 3 key objectives...

By Rupert D.E. Brown, CTO Evidology Systems

Since the advent of distributed computing platforms in the late 1980s most major corporates have made significant investments in “Enterprise Platforms” to manage and automate common transverse functions that are largely independent of their particular business sector...

By Rupert D.E. Brown, CTO Evidology Systems

Equivalence and Envy: The first 5 weeks of 2021 have already set the likely tone for relations between the UK and the EU, with a number of skirmishes regarding paperwork, inspections and export controls. Whilst Covid will continue to dominate the headlines until at least the middle of the year, the clarification of what “equivalence” really means and how it will be maintained is the largest elephant amongst the herd in the Finance Sector room.:

London: The revolutionary Regtech company, Evidology Systems Ltd., has been nominated for two awards at this year’s European RegTech Insight awards. The firm, which ensures businesses and financial services can be confident in their compliance, has been chosen as finalists in the “Best Vendor Solution for Managing Operational Risk “and “Best Innovative Technology for Regulatory Compliance” categories.

By Dana Leigh at techround.co.uk

Evidology Systems was founded by myself and Ian Hillier-Brook in 2019 to address the many regulatory and compliance issues we had both encountered across the 70+ years we had spent, between us, in The City of London.

It is not surprising that RegTech attracted so much money and so many entrepreneurs as the Fintech start-up boom took off from 2012. Banks, asset managers and insurers were hit by successive waves of regulation in the long aftermath of the great financial crisis of 2007-08, and automation of transaction monitoring and reporting, KYC, AML, CFT and sanctions screening checks, data protection, mis-selling risk, cyber-security and even operational resilience was an easy sell.


Justin Pugsley, www.globalriskregulator.com

Some industry sources are warning that once the Covid-19 pandemic has passed, the UK’s Financial Conduct Authority could carry out a ‘look back’ exercise to see if firms followed proper compliance procedures and maintained good conduct.

1. Digital regulation is broken at the source

  • There are no standards for digital notification of regulatory change.
  • Changes can only (?) be obtained by scraping government/agency websites.
  • All the major regulatory information suppliers need to have significant manual staffing to perform break/fix work as websites are given periodic makeovers or go through political rebranding exercises.

Helga Labus, News Editor, Help Net Security

A recent survey revealed that, on average, organizations must comply with 13 different IT security and/or privacy regulations and spend $3.5 million annually on compliance activities, with compliance audits consuming 58 working days each quarter.

TECHNOLOGY INNOVATOR OF THE YEAR SHORTLISTING FOR EVIDOLOGY SYSTEMS

Please vote for Evidology Systems; voting closes on 23rd October 2020.

Evidology Systems, the leading 2nd generation RegTech company addressing principles-based regulations, is announcing today it has been shortlisted by the Computing Technology Product Awards 2020 in the ‘Technology Innovator of the Year’ category.

Compliance in Regtech Requires an Evolution from “Casual” to “Definitive”

by Rupert Brown, CTO of Evidology Systems

Do We Know What We Are Talking About?
Rather than being the catalyst for compliance it could be, the regtech sector is impeded by its current abstractions. Evidology System’s Rupert Brown explains the shift that’s needed to propel regtech to greater success.

Evidology makes MS Teams a compliance enabler not a threat

Evidology Systems, provider of the QED platform, which is uniquely aimed at principles-based regulations, is announcing today that its system is now fully integrated with Microsoft Teams, for the first time enabling sustained management of regulatory compliance from within that application.

The sorry state of digital regulation

by Rupert Brown, CTO of Evidology Systems

It is now four years since the FCA conducted its first “tech sprint” which tried to evaluate whether financial regulatory reporting requirements could be expressed in a formal specification language which could then be consumed in a systematic and largely automated fashion by regulated firms.

Evidology Systems shortlisted in ‘Best Fintech Company’ and ‘Best in RegTech’ by Markets Choice Awards

: Evidology Systems, provider of QED, the principles-based regulations compliance platform compatible with MS Office 365, is announcing today its shortlisting in two categories, ‘Best FinTech Company’ and ‘Best in RegTech’, in this year’s Markets Choice Awards. This is the 3rd award to shortlist Evidology in 2020.

Evidology’s RegTech platform now accessible on-the-go & integrated with Microsoft Office 365

15 April 2020, London: Leading second-generation RegTech firm, Evidology Systems Ltd., is announcing today that its newly-launched platform, QED, now offers full support for Office 365, bringing the visibility of principles-based regulations into daily business workflows. Utilising its web-based add-in delivery, companies will eliminate the cost and time-consuming process associated with external technology implementation. 

Financial-Crime Worries Rise

In a region bedeviled by war, corruption, money laundering and terrorism, banks are finally investing in financial-crime compliance.  

Evidology Systems named finalist as Best Innovative Technology for Regulatory Compliance in RegTech Insight Awards

Patchwork of regtech solutions calls for a strategic approach

Since banks have been highlighted as being ripe for digitisation, regtech vendors have focused on point solutions arising from the latest regulatory requirements, creating an archipelago of products that are difficult to understand and manage...

RegTech – Evidology shortlisted for National Technology Award

5 March 2020, London: Regulatory technology innovator, Evidology Systems, has been shortlisted for RegTech Project of the Year by National Technology News.

Evidology Systems Delivers The Rules-Based System For Your Compliance Needs, Covering GDPR, FRTB, SMCR, ISO 27001 And PSD2

Evidology Systems “QED” platform provides the missing sustainable data linkage between regulatory texts, standards and policies, control frameworks and the artefacts produced by organisations that need to demonstrate compliance. Their linkage can operate in real-time and react to changes both from the regulator and regulated sides of the fence...

Second Generation not Second-hand RegTech – A dozen key attributes

1. Fifty shades of Compliance: Once upon a time, you hoped the regulator looked elsewhere and not at you. Then you hoped your commitment to take action would be enough. And then you realised you’d left it too late. Now you’re running to catch up, but not sure you can. The harsh reality is you now have to prove that your company – or you - has made ‘best endeavours’, to prove it’s addressing the multitude of existing regulations.

Game-changing 2nd Gen RegTech launched by Evidology Systems to address challenges of principles-based regulations

13 November 2019, London: The regulatory technology company, Evidology Systems, is launching its new service which uniquely combines real-time specialist legal opinion with principles-based regulations compliance software. Thought to be a true second-generation solution, the new service, called QED (Quality and Evidence Driven), is the only platform simplifying and optimising the process of demonstrating compliance to a regulation or conformance to a standard. This unique, visual system utilises current legal opinion to allow organisations of any size to demonstrate compliance at all times with increasingly-complex regulations, including GDPR, FRTB, SMCR, ISO 27001 and PSD2.

Rupert Brown, CTO of Evidology Systems, says: “Principles-based regulations are a guessing game for many financial institutions, because they are deliberately formulated by regulators to not have set parameters. We have developed a unique solution which addresses the legal requirements of compliance, with both the regulator and the companies in mind. QED can be used to standardise these regulations by both sides.”

Based on an argumentation analysis engine, QED’s main aim is to equip organisations with the necessary supporting evidence, enabling firms to be able to prove compliance when challenged, and to trace corporate and individual actions and responsibilities.

Brown adds: “Every other solution on the market repurposes existing capabilities to try and fix compliance from the bottom up, for example using big data from email and comms surveillance to address conduct risk, along with ‘transformation’ and a replacement of existing workflow platforms with a slightly different version. The reason QED is a second-generation solution is that we’re not using these second-hand ideas like workflow and data mining which are merely small pieces of evidence in the compliance jigsaw. We’re offering an entirely fresh approach.”

Bob Ford, Senior Subject Matter Expert, Payments, says: “Evidology provides the critical traceability and coverage assessment that is vital to ensuring compliance in the complex minefield of payments regulations.”

QED is a powerful system which can be implemented in just days, and without affecting the underlying systems. Making use of an industry standard visualisation tool and intranet services, users can create visual representations of their regulatory efforts and view these from any browser (desktop or mobile), anywhere in the world. The Evidology platform enables a wide range of data analysis tools, allowing for the already-collected and standardised data to be used in other business operations.

"At 3 Lines of Defence Consulting Ltd we focus on Cyber, Information Security and GDPR compliance and we feel that Evidology provides a bespoke tooling that allows you to visualise where your lines of defence are constructed and the industry standard methodologies which support them,” says Nick Murphy, Director (Associate), at 3 Lines of Defence Consulting Ltd.

QED’s key features include:

  • Tracking evolving regulatory drafts and case law
  • Sustaining proof of compliance
  • Focusing attention on known unknowns
  • Reducing the cost of producing a defence through standardisation
  • Applicable to both regulated companies and regulators
Evidology’s QED can identify both individual and corporate risks and provide users with solutions on how these can be managed. This, alongside with the legal argument provided by the product, is aimed at giving companies complete confidence in their compliance position.

SMCR Documenting and Reporting

A lot of editorial and social media attention is being paid to the imminent arrival of SMCR, much of which seems to boil down to the usual, worried wringing of hands.

However, when you look under the covers, SMCR seems to not be much more than “a good idea at the time” and its specification reveals a lack of understanding by the FCA of the existing identity and role of data used across regulated firms, and no attempt to harness it, either to help automate compliance or cross-check against the new regulatory submissions required.
 
It does, however, highlight the rather worrying fact that there are no rigorous information standards for documenting and reporting structures across all business sectors and it is disappointing that the FCA has not appeared to recognise this, and hence enable rapid/efficient digital reporting and analysis.
 
What we are left with is a “fingerpaint and crayon” approach to building the required responsibility maps and a rather throwaway, belated recognition in the FCA handbook that they will not fit on a single “sheet”. What is really needed would be better described as an “Atlas” with all the relevant attributes of symbology and topological consistency across its pages.
 
Evidology Systems has taken a more forward-looking approach to SMCR, anticipating that it will probably be applied to many more industry sectors, especially all those that have exhibited egregious boardroom behaviour.
 
We enable a consistent responsibility allocation and measurement approach to cover any principles-based regulation which not only improves compliance reporting but also gives confidence to company directors that they really understand their mutual regulatory burden and inherent fiscal and legal risks of non-compliance.
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