How financial compliance will be revolutionized by new technologies such as AI
The financial market is one of the most highly regulated sectors, especially since the 2008 crisis. Today, the publication of regulatory updates is daily, due also to the ongoing and rapid technological, social and environmental changes, which require constant adjustment of the regulatory framework in a world that is changing at an unprecedented speed. And the proliferation of regulatory updates means that compliance teams have to analyze an incredible amount of legal documents in a constantly changing scenario.
This causes difficulties in identifying the regulations of interest and the impacts relevant to a specific organization. Not to mention that financial compliance teams do not have the right technological tools to digitally navigate legal texts, which are often analyzed through an extensive manual work that consumes huge time resources.
In such a context, Artificial Intelligence can be a revolution for compliance teams. Existing innovative RegTech solutions for the financial sector offer advanced tools to stay up-to-date with the regulatory landscape and to analyze the impacts on organizations of regulatory changes.
AI can thus address the needs of compliance professionals by, on one hand, making regulations digitally accessible and, on the other hand, automating specific steps in compliance processes.
For example, AI enables real time detection and notification of all regulatory updates relevant to an organization, also sending daily email alerts that can be customized according to the regulatory areas of interest.
In addition, RegTech compliance solutions, such as Aptus.AI’s one, make it easy to search for documents of interest, navigate them in one place (including through augmented views of legal content designed to immediately identify obligations, penalties, definitions and other useful information) and analyze them in an optimized way.
Indeed, at Aptus.AI we are pioneers in the RegTech sector and we have created an Artificial Intelligence solution already chosen and used by large companies in the financial sector such as Intesa Sanpaolo Group, Generali Investments, Banca Mediolanum, but not only.
Our Artificial Intelligence platform allows users to manage compliance processes in one place, offering innovative features through highly regulated industries.
Features of the Aptus.AI platform include:
- Aptus.Alerting – automatic, personalized and real-time updates on regulatory updates
- Aptus.Discovery – advanced search of legal documents and augmented consultation of regulations
- Aptus.Inventory – optimized management of collections of standards of interest
- Aptus.Outlook – advances on regulatory trends by analyzing regulatory texts before they are officially published
- Aptus.Chat – Generative AI’s conversational interface to receive immediate legal answers that would require hours of regulatory analysis
Request a demo to find out how these features optimize compliance and to bring your organization into the AI era.
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