Compliance Assured, Audits Simplified.
An AI agent that continuously monitors financial transactions and processes for adherence to internal policies and external regulations. It can also assist in gathering and preparing data for internal and external audits.
The Problem
Problem Solved:
Ensuring ongoing compliance with a multitude of financial regulations and internal policies is challenging. Audit preparation is often a time-consuming manual effort. Non-compliance can lead to significant penalties and reputational damage.
Key Features & Benefits
Key Features & Benefits:
- Reduced Compliance Risk: Proactively identifies and flags non-compliant activities.
- Smoother Audit Processes: Automates data gathering and can provide auditors with requested information quickly.
- Continuous Monitoring: Offers an ongoing 'virtual internal auditor' capability.
- Early Detection of Issues: Allows for corrective action before problems escalate.
- Improved Internal Controls: Helps enforce financial policies consistently.
How It Works
How It Works:
Machine Learning (ML), especially anomaly detection, is used to identify transactions or process deviations that violate compliance rules. RPA can automate the collection of audit samples and evidence. NLP can be used to interpret regulatory texts or internal policy documents to help define compliance rules for the AI.
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