In regulatory frameworks and industry standards, compliance often evokes images of rules, restrictions, and limitations. However, driven by their creative thinking and dedication, compliance officers bridge the gap between regulatory requirements and innovative solutions. The interplay between creativity, compliance, and artificial intelligence (AI) helps organizations navigate the complex regulatory landscape more effectively, finding a balance between adherence to rules and the pursuit of progress.

In this episode, Mac talks with Akhil Lodha, Co-Founder and CEO of StratiFi. Akhil is tackling the need to understand portfolio risk through cutting-edge technology. With a modern risk management solution, he works with advisors to help clients have a better financial future by empowering them to easily understand risk and make decisions with clarity, confidence, and control. 

Recognizing that creative approaches to meeting regulations reduce friction, Akhil talks with Mac about how creativity relates to compliance, why compliance officers are among the most creative people, and the impact of artificial intelligence.

Key Takeaways

• [00:59 ] - Akhil Lodha’s backstory.


• [02:31 ] - How creativity plays a role in Akhil's life.


• [07:27 ] - What creativity has to do with compliance.


• [09:51 ] - How Akhil uses creativity in his personal life.


• [12:52 ] - The communities Akhil is involved in.


• [16:37 ] - Akhil's experience with Y Combinator.


• [24:07 ] - What compliance problem interests Akhil the most.


• [27:56 ] - The impact of AI on compliance.


• [30:27 ] - Akhil's take on what happened at Silicon Valley Bank.

Quotes

[07:32 ] - "By design, regulators tend to approach the industry with the idea of restricting something. It's often reactive, not proactive. Once people have gotten used to it, it introduces friction into the process. So, you have to think about creative ways of meeting the regulators and the regulations." ~ Akhil Lodha

[12:29 ] - "You can always find creative ways of doing things. Thinking outside the box can help you unlock your potential in ways you may not have thought about before." ~ Akhil Lodha 

[23:24 ] - "There are bad actors out there, and they can have consequences for some people. And even though a small number of people are affected, the impact that it can have on the credibility of the community can significantly outweigh the number of people. That's why compliance officers and guardrails are important." ~ Akhil Lodha

Links 

• Akhil Lodha on LinkedIn


• Akhil Lodha on Twitter


• StratiFi


• Citigroup


• Y Combinator


• Carnegie Mellon University


• Silicon Valley Bank

Connect with our hosts

• Smartria


• Mac on LinkedIn


• Rebekah on LinkedIn

Subscribe and stay in touch

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• Spotify


• Google Podcasts

Learn more about Smartria

Creativity, Community, and Compliance is brought to you by Smartria, an award-winning compliance management platform for compliance consulting firms and RIA networks. We excel at making the complex and frustrating world of compliance simple to manage and easy to understand. Want to get a behind-the-scenes tour and check it out? Reach out to us at hello@smartria.com and take a peek at our website, smartria.com.