An eToro Alumnus Wants AI to Fold Every Rulebook into One Obligation

The useful part

Anver Yoffe has stepped down as Head of Regtech and Market Surveillance at eToro, moved to a new flat, acquired a dog and set about building an AI startup in an unglamorous corner of finance: regulatory compliance. "My goal is to create a holistic harmony of all different activities into one coherent, beautiful, advanced and easy-to-understand interface and solution," Yoffe says. What a financial institution needs, Yoffe argues, is absolute operational certainty that it is entirely covered.

How it works

• A Chief Information Security Officer must grapple with the EU's DORA alongside commercial assurance frameworks like SOC 2.
• Compliance is treated as a collection of walled fiefs, with little coordination between departments.
• Meanwhile, a Chief Commercial Officer tracks cross-border tax reporting, and a Chief Compliance Officer tries to operationalise broader conduct rules across products.
• Each department buys bespoke tools, drafts distinct policies, and speaks a different operational dialect.
• The result is a sprawling bureaucratic machine where nobody can be entirely certain that every flank is covered.

Details worth keeping

"This is something I have never seen in the industry yet." Knowing. The second is an inability to recognise when enough is enough.