Reg reporting specialist Kaizen has forged a partnership with RegGenome, a spin-out from the University of Cambridge and a founding member of the open-source Regulatory Genome Project (RGP), aimed at helping financial institutions navigate complex global regulations. The tie-in combines RegGenome’s AI-powered regulatory data repository with Kaizen’s award-winning Single Rulebook platform.
The partnership leverages the complementary strengths of both firms. RegGenome brings its advanced open structured regulatory data, designed for machine learning and international comparison, while Kaizen provides a user-friendly digital platform that facilitates efficient regulatory rule management. Together, they aim to streamline the burdensome process of decoding and managing global regulations.
“Kaizen and RegGenome have different but complementary solutions,” says Chris Dingley, CEO of Single Rulebook. “By working together, we can help the financial services industry reduce the time and effort it takes to decode and manage global regulations.”
The Single Rulebook platform, recognised as the ‘Best Solution for Regulatory Change Management’ at the RegTech Insight Awards Europe 2024, already supports firms with features like literal and semantic search, team collaboration tools, and seamless workflow integration. This partnership will further enhance its capabilities by incorporating RegGenome’s extensive regulatory data, expanding the platform’s reach to new jurisdictions and regulatory domains.
Starting in early 2025, Single Rulebook clients will gain access to regulatory content covering all major global financial markets, including U.S. federal regulators, European national law, and G20 member countries. The platform will also extend its scope to emerging compliance areas such as cryptocurrency, cybersecurity, and digital operational resilience, reflecting the evolving regulatory landscape.
Driving Innovation Through AI
Mark Johnston, CEO of RegGenome, highlighted the transformative potential of the collaboration: “This partnership will make RegGenome’s comprehensive structured regulatory data available through Single Rulebook’s innovative platform. By combining our regulatory content with Single Rulebook’s advanced search and analytics capabilities, we’re enabling financial institutions to better navigate the complex regulatory landscape.”
At its core, RegGenome’s mission aligns with the goals of the Regulatory Genome Project (RGP)—to create an open-access, machine-readable repository of global regulatory information. By converting human-readable regulations into machine-consumable data, RegGenome is helping regulators and firms alike adapt to rapidly changing global rules.
The partnership reflects a shared vision of simplifying compliance for firms operating across multiple jurisdictions, promising the industry the benefits of faster, more accurate access to regulatory rules, taxonomies, and insights, enabling them to respond proactively to changes and mitigate risks.
RegTech Insight asked Dingley if the RGP might become the catalyst for an open-source approach to regulatory harmonisation. “Whether a successful open-source ecosystem can be built in the same way as in the software industry remains an open question,” he replied, “But it is clear, that there is appetite from the market for decreasing time and effort it takes to decode global regulations.”
Looking Ahead
As global regulations grow more complex, the collaboration between Kaizen and RegGenome represents a notable step in advancing regulatory transparency and efficiency. By combining AI-powered data with a user-friendly digital platform, the partnership seeks to refine regulatory intelligence and change management, offering firms practical tools to navigate a challenging compliance landscape.
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