Regtech is for the Dogs?

“How Much is that Doggie in the Window?” Who Cares?

What we Want to Know is Where did it Come From.

Best Practices for Commercial Dog Breeders Monitored by Trust Exchange

This one caught us a bit off guard. Trust Exchange has many great clients in financial services who use the platform primarily for the automation of their 3rd-party compliance challenges. That’s where we’ve been focused right now because of the great demand for our Custom Compliance solution. It seems that it’s the “custom” in our solution that attracted the pet industry.

Some background:

The Animal Welfare Act of 1966 is the only Federal law in the United States that regulates the treatment of animals in research, exhibition, transport, and by dealers. Other laws, policies, and guidelines may include additional species coverage or specifications for animal care and use, but all refer to the Animal Welfare Act (AWA) as the minimum acceptable standard. The Act is enforced by USDA, APHIS, Animal Care. Since 1966, the law has been amended seven times.

APHIS (Animal and Plant Health Inspection Service) is responsible for the regular inspection of all entities regulated by the Animal Welfare Act. These inspections can be unannounced and are very thorough – sound like any industry you know? All the inspection results and any resulting enforcement actions are kept in a database that, until very recently, was completely open to the public. Due to the threat of activist harassment of against some of the licensed entities, much of the identifying information was later made private. Regardless of the perceived difficulty in obtaining these records, it’s important to remember that the AWA stipulates minimum standards of care and treatment be provided for certain animals bred for commercial sale, used in research, transported commercially, or exhibited to the public (USDA, 2018). Enter Brad Parker of Petland Kennesaw.

Best practices for dog breeders:

Brad decided that “minimum standards” were far from enough. From a personal and marketing perspective, and definitely from the perspective of the puppies and future owners, there was a huge case to establish a comprehensive list of best practices for commercial breeders. That’s just what he’s done.

Right now, Brad’s team is visiting every breeder that’s worthy of Petland Kennesaw’s business and building them a profile on the Trust Exchange platform. From this database all the breeders will be monitored for compliance with AWA certification and Petland Kennesaw’s extensive list of requirements, all in real-time. Breeders will have the reputational benefit of being ranked as “best in breed” also. They will also have the added benefit of owning their profile. Pass an animal welfare inspection by the USDA? The breeder can immediately push that information, and any associated documents, out to their business partners.

Just another example of the flexibility built into the Trust Exchange platform. What does 3rd-party compliance mean for your industry?