Containing the cost of Regulatory Compliance in Financial Services
Regulatory Compliance has become extremely costly for Banks, Insurers and Investment Firms and Auditors, an overhead now approaching £10,000 per employee. And the increasing scope and rate of change means this will grow. Current manual checking is inefficient, and on average samples only a fraction (typically 5%) of what should be verified. We offer an AI-powered compliance system which has delivered impressive results at leading banks and insurance companies and audit firms by automatically verifying compliance (KYC/AML, IFRS, GAAP, etc) with 100% coverage.