The Modern Solution to Regulatory Change Management
Compliance.ai is a regulatory technology (RegTech) company with a modern solution designed to help legal and compliance professionals in the financial services industry track and monitor regulatory changes in an ever-changing world, through the use of supervised machine learning. Supervised machine learning, often referred to as “Human-in-the-Loop” is one of the most effective methods of machine learning available to date, and considered a best practice for Artificial Intelligence solutions. Through this method of Artificial Intelligence (AI), Compliance.ai is able to automate the collection and classification of different regulatory and agency issued documents, such as regulations, proposed rules, guidelines, white papers, and enforcement actions, among many others.
To achieve a high precision rate when classifying and organizing these regulatory documents, it is of the utmost importance that human judgments from human-in-the-loop methodologies are accurate and well reasoned. Understanding and distinguishing sophisticated legal documents is not an easy task, this requires skill and training to render optimal results. Compliance.ai leverages an “Expert-in-the-Loop” model, which, as its name implies, requires the judgment of domain expertise to define the subtle differences between different types of legal documents, for example, understanding the difference between documents that deal with securities regulation in general from others that address broker-dealer fiduciary duties, or the difference between consumer and commercial lending.