Complect: Taking The Complexity Out Of Compliance

Complect: Taking The Complexity Out Of Compliance

Need a compliance specialist? Complect, a regulatory technology start-up, hopes to match financial advisors with compliance experts for everything from one-off projects to full-time gigs.

Complect’s co-founder, Hanh Nguyen, said her company is tuned to the emergence of the gig economy. She herself is a former compliance consultant for ACA Compliance Group; her partner James Lerner (also her husband), is a former investment banker turned venture capital and private equity investor.

“I noticed a gap in this highly fragmented market,” said Nguyen of her previous experiences. “There were plenty of compliance consultants in the space, but no repository for businesses to easily identify, compare and hire them.”

Complect’s platform allows stand-alone advisors and small-cap firms to choose a compliance specialist for a project and then rate and review the consultant afterward (she plans to eventually offer the service to larger enterprises). Lerner says the platform can also act as an ancillary human resource tool: Compliance firms that offer their services must register their individual team members so they can also be reviewed and rated. Nguyen added that this feature further helps businesses identify who they want and what they will get.

Specialists on the platform should have a minimum of three years’ compliance experience. Current users have 13 years of direct compliance experience, according to Complect, and 26% are former regulators. There are 41 specialists registered on the site from 16 states and countries like Australia and Bahrain.

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