Grants and Contributions:

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Title:

Conduct Risk Analytics tool

Agreement Number:

908013

Agreement Value:

$75,000.00

Agreement Date:

Jun 1, 2018 - Feb 28, 2019

Description:

Over 65% of compliance issues are due to staff not following standard corporate policies and procedures. Current compliance programs tend to focus on reacting to a breach instead of proactively or predictively targeting staff, locations (branches) and companies that have a tendency not to comply. Leveraging required disclosure in the financial services industry and our proposed behaviourial and machine learning algorithm, VigilantCS will support firms in the detection and mitigation of staff level risk to support the management of an effective compliant culture._x000D_ _x000D_ The project will develop a VCSPro product that will provide clients to assess regulatory risk at the individual, branch and enterprise level.

Organization:

National Research Council Canada

Expected Results:

The purpose of IRAP Contributions to Firms is to support research, development, adoption and/or adaptation of innovative or technology-driven new or improved products, services or processes in Canada up to their commercialization

Location:

Ottawa, Ontario, CA K1S 1N4

Reference Number:

172-2018-2019-Q1-908013

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

791445695

Recipient Type:

For-profit organization

Recipient's Operating Name:

VigilantCS

Recipient's Legal Name:

Vigilant: Compliance Simplified, Inc.

Federal Riding Name:

Ottawa Centre

Federal Riding Number:

35075

Program:

Industrial Research Assistance Program – Contributions to Firms

Program Purpose:

Coverage:

IRAP Contributions to Firms projects stimulate wealth creation for Canada through technological innovation.

NAICS Code:

511211