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In today’s progressively regulated world, organizations face inordinate scrutiny which pressures them to focus more on compliance. Introduction of several data privacy laws with a complex web of rules can impact every company, department, and employee. The continuous evolution of GRC landscape with subsequent complications associated with the adoption of newer regulations mandates a novel approach to address an organization’s need to be fully compliant. Identifying this onerous situation, Shanghai-based Pathway Compliance helps enterprises to drive the next era of compliance and push the industry forward through standardization and technology.
“As an emerging player in this space, we position ourselves to provide organizations with standardized services and state-of-the-art technology to help them reduce compliance risks, manages crises, and creates more effective systems,” says Jared T. Nelson, CEO of Pathway, an American lawyer with over a decade of professional experience in Mainland China. With a core focus on compliance issues in the country, the company strives towards addressing challenges that are unique to its jurisdiction.
Lack of professional experience, dynamic nature of government rules, and absence of effective tools that well align with the real-world requirements hinder enterprises from adhering to compliance standards. Pathway’s scientific approach enables businesses to achieve compliance process improvements in a provable and scalable manner.
“Our standardized and scalable service portfolio is designed to enable organizations to build better compliance programs, proactively identify risks, and effectively respond to urgent crises,” says Nelson. By reducing costs and increasing efficiency for typically labor-intensive compliance works, the company provides in-house teams with scalable and cost-effective resources. Pathway’s service suite includes several other capabilities such as evidence analysis, near real-time identification of compliance red flags, Cross-Border Data Transfer assessments, as well as litigation.
The compliance space is evolving rapidly with newer and innovative technologies. These emerging technologies spur the transition from a reactive approach that finds and fixes older problems, to identifying existing risks and having real-time information about current issues. In this perspective, Pathway’s result-driven offerings assist companies in exploring and setting up proactive compliance monitoring technology to analyze communications, documents, and any other data.
Customizable tech-stack and Nelson’s visionary leadership— that emphasizes on operating with international standards for service and quality makes Pathway an ideal compliance partner for companies across all the industry verticals. With these unique differentiators, Pathway has had numerous client success stories that instantiate its operational excellence. One among them is that of a large multinational entity based in China who approached Pathway for assistance with internal investigations. Even though they had potential evidence data to show wrongdoing by several employees suspected of serious, wide-spread violations, the lack of a scalable method for data analysis hindered them from gaining relevant insights and taking appropriate actions. By partnering with Pathway’s services, the client was able to effectively analyze millions of pieces of information, find key evidence, and resolve the crisis in a defensible and agile fashion.
Pathway is in a drive to widen the capabilities of its novel tech-stack and evolve as a full-service compliance company for its clients. They continue to lay a broader foundation to deploy dedicated teams of experienced compliance professionals. In addition to their service division, Pathway is developing innovative technology toolkits that are built from the ground up for compliance in China.