From Df2020

In a regulatory and procedural rich world, progress does not lie in the direction of reading rules faster to make decisions sooner, nor spending on training and compliance checks for better quality decisions. Contrary to common perceptions and methods, regulatory and procedural rules are a complex system that is hard to understand, predict and control. Latest studies show documented regulations and how they are deployed in practice are not fit for purpose. Regulatory and procedural training cannot succeed to encode into human memory precision understanding, perfect recall and accurate application in practice regardless to the complexity of permutations, the sheer volume and the way change has become a constant. Rethinking the way regulatory and procedural rules as a complex system is applied in practice is now a strategic imperative.

RegGold is our encode and measure rules technology, designed to transcend the way every individual and organisation applies regulatory and procedural rules. Traditionally these rules have been constrained by the use of documents, content systems, subject matter experts, professional trainers and the way related data is collected through forms, surveys and checklists.

RegGold is a tool aimed at synthesisers to 1) encode regulations and procedures using a combination of a symbolic language and scripted narrative; 2) automatically generate a software agent; 3) deploy the agent for simplified and streamlined human interaction where needed (via Azure Botframework); 4) capture every step of the human interaction and data input as a compliance audit trail and new forms of business intelligence.

Consultants and business analysts who naturally are good synthesisers can now use RegGold for a low-cost monthly subscription to build a new type of intellectual property in the form of encoded and measurable software agents. This enables them to bring transformative benefits to their organisations or clients such as:

Financial
• Enable a more agile and adaptive workforce
• Increase self-service and self-sufficiency
• Safeguard the corporate brand, balance sheet and people
• Reduce costs and risks of poor decisions
• Reduce the costs of subject matter experts

Non-Financial
• Stronger and more manageable governance
• Ensure compliance consistency
• Enrich and expand the boundaries of knowledge
• Reduce the risk of knowledge being lost
• Enable instant upskilling

RegGold and the underlying blueprint is a paradigm shift away from the brittleness of the way regulatory and procedural rules are applied in practice. By treating regulations and procedures as a marketplace it is so appallingly bad. Every organisation regardless to size is expected to identify the appropriate regulation and synthesize the content into standard operating procedures and data input forms, supported by training and supervision. All those with a vested interest such as regulators, executives, managers, supervisors, auditors and those involved in governance, risk and compliance are increasingly worried as complexity continues to increase over time leading to more and more systemic failures. But, equally regulatory and procedural rules is a huge marketplace ready for transformation. With this in mind we are open to our technology being cloned into multiple managed services for those with the ability to take a leadership role in transforming this market.