Intelligent compliance automation and dynamic regulatory framework alignment

Financial compliance with regulatory obligations is resource-intensive, requires human expertise, and experiences delays. Despite document-centric and process-centric traditional automation solutions, the rapid expansion of regulatory obligations across borders, verticals, and oversight changes continue to create a massive and diverse set of obligations to adhere to. Integrated into business processes, continuous and real-time compliance that takes organizational and regulatory data context into consideration is notoriously difficult to implement. This capability is key to effective risk management, but is currently available only for niche or localized use cases. Automation technology is still primarily focused on document-centric initiatives, which results in major gaps in coverage. Conversational AI tools however are new and provide company knowledge as well as external industry knowledge to business teams and can integrate to related tools and asset and metadata repositories. They play the dual role of seamlessly browsing and gathering information to back-testing decisions, while ensuring effective change communication and training for senior management and teams involved in operational execution.