The platform automatically parses regulations to figure out their relevancy to a firm. RegTech provider Compliance.ai has launched a new workflow solution that takes advantage of artificial intelligence for regulatory compliance. The new solution, part of its Team Edition financial regulatory change-management platform, uses machine learning to automatically determine which changes in rules impact specific companies. Here are some of the key takeaways:…
RegTech Innovator Compliance.ai Launches Industry’s First Workflow Automation Solution for Financial Regulatory Change Management
Intuitive Workflow and Collaboration Automation Simplifies Steps Financial Services Institutions Must Take to Stay Compliant and Lower Compliance Risk WASHINGTON, Nov. 07, 2018 (GLOBE NEWSWIRE) -- Today at RegTech Enable, Compliance.ai announced the general availability of its Workflow Automation solution, part of the Team Edition financial regulatory change management platform. A RegTech pioneer, Compliance.ai’s modern SaaS platform enables Chief Compliance Officers and their teams…
Enforcement Actions published in the past 12 months.
Agency regulatory publications over 6 months.
A recent Boston Consulting Group survey stated that the number of regulatory rule changes that banks must track on a daily basis has tripled since 2011, to an average of 200 revisions a day.
Download this white paper to learn more about the challenges financial organizations face in managing regulatory changes. The paper outlines the transformational role that properly implemented AI-driven solutions can play in lowering the burden of regulatory change management for financial services organizations.
American Banks have to keep track of both Federal and State-level Agency rules and updates. The task of tracking down these changes is a tedious and manual process, often taking 20-30% of time each week.
Download this case study to learn more about how Bank of Marin’s compliance team uses the Compliance.ai solution to effectively manage and research regulatory changes relevant to their organization.