1. What is crowd computing?2. Why is it the right approach for compliance?3. How does it work?

“We’ll get back to competing with each other, but right now we’re competing with regulations.”

Global Information ArchitectVery Big Bank (VBB)

@ FIMA 2014

-

Compliance sucks time from work that generates $$$ and competitive advantage.

AIFMD, EMIR, FATCA, LEI, MiFID, Solvency II, etc.

Data Operations

Build vs. buy isn’t much of a debate these days.

BUILD BUYHiring

is expensive and inflexible.

Outsourcing is expensive

and inflexible.

vs.

2012 2013 2014 2015 2016 2017 2018 2019 20200

10

20

30

40

50

60

70

300% increase

MM

16.9mm

The Internet changed how people do their jobs. Now it's fueling a generation of freelancers.“ ”

FREE

LAN

CE W

ORK

ERS

65mm

Crowdsourced and freelance workers provide a new world of capacity.

SOURCES: “The state of independence in America, 2012,” <http://www.mbopartners.com/state-of-independence/docs/2012-MBO_Partners_State_of_Independence_Report.pdf;

“Freelancers Get Jobs Via Web Services,” Wall Street Journal, May 29, 2013

VOLUME

COM

PEXI

TY

JUDGMENT WORK

REPETITIVE TASKS

HIGH VALUE

Crowd computing pairs these online workers with automation and SMEs.

Employee experts (SMEs)

Crowdsourcing

Automation

“It’s adds scale without adding headcount or data licensing costs.” – WorkFusion customer

BENEFITS: Increase coverage and quality Respond to regulations faster Respond to volume bursts Remove cost

Crowd computing solves capacity, quality, speed, and $$$ problems.

Compliance case: LEI

LEI mapping sort of looks like this. Which is tedious.

MULTI-SOURCE SINGLE SOURCE

UUID Generator

STARTCanada lookup

Multi- toSingle source

Nova Scotialookup

Quebec lookup

Newfoundlandlookup

Manuallookup

Not found?

Active learning

FieldsClean-up

Addressnormalization

Fields replacement

FINISH

Each regional lookup task includes:1.Name lookup2.Profile scraping3.Reg info databasing

Crowd computing automates and crowdsources the tedium.

Microtasking and data obfuscation ensure IP and data security.

METHOD OF WORK

Crowd computing platform

Statistical quality control (SQC) ensures accuracy

START

FINISH

SOURCE TRAIN MANAGE

Selects the best workers based

on historical performance

Administer training sets to

achieve task proficiency

Integrate existing QA methods and

monitor 60+ signals from

workers

The software provides an audit trail to ensure data is built from approved sources.

START

FINISH

ALLO

WED

ALLO

WED

FORB

IDD

EN

ALLO

WED

FORB

IDD

EN

Crowd computing platform

info@workfusion.com+1-888-688-1324

Thanks for reading, and free to reach out to us with questions or ideas or to learn more.