Who is Spencer Landau?
Husband and father to 2 children (12 & 9). Investment Management Compliance/Risk professional turned Entrepreneur Born and brought up in East London, Father a Taxi Driver, Mother a Teacher. Now living in Hertfordshire.
What’s the story behind Imperium Compliance?
I have been working in and around the Investment Management industry for 20+ years, specifically working with Investment Guidelines which are rules which manage the risk of client portfolios. Having worked at many different Investment Managers over the years I noticed that the same problems were inherent with the process i.e. it is very manual, time consuming and susceptible to human error. Errors may lead to guideline breaches which where the consequences range from compensation having to be paid to the clients, fines and sanctions by regulators and damage to reputation. Since I hate inefficient and slow processes, I had an idea to build a product that could automate the process using Artificial Intelligence. After speaking with a number of people about the idea, I was introduced to a software house which specialises in AI/ML. I pitched the idea to them, and they suggested that they could build an MVP, which is what eventually happened.
What was the most difficult part of your experience in the early beginnings?
Taking the plunge I think. Once I started, it became a lot easier.
What are you most proud of regarding your business?
Creating something from nothing.
What is your vision for the future of Imperium Compliance?
Change the way that manual processes involving old style documents are managed.
What’s your advice for the businesses that are trying to adapt to this economic climate?
There are loads of opportunities and help around so don’t give up.
Please name a few technologies which have the greatest impact on your business.
NaturaL Language Processing, machine learning, Distributed Ledger Technology.
What books do you have on your nightstand?
- Venture Deals
- How to get to Yes
Because of the current economic climate our publication has started a series of discussions with professional individuals meant to engage our readers with relevant companies and their representatives in order to discuss their involvement, what challenges they have had in the past and what they are looking forward to in the future. This sequence aims to present a series of experiences, recent developments, changes and downsides in terms of their business areas, as well as their goals, values, career history, the high-impact success outcomes and achievements.