Apiax unveils revolutionary AI policy assistant to transform compliance in FinTech

Apiax unveils revolutionary AI policy assistant to transform compliance in FinTech

Apiax, a trailblazer in embedded compliance solutions, has today announced the launch of its innovative AI Policy Assistant.

This cutting-edge solution marks a significant advancement in the realm of compliance, combining Apiax’s deep understanding of regulatory requirements with state-of-the-art Generative AI technology. Designed to redefine how financial institutions manage and adhere to internal policies, the AI Policy Assistant sets a new benchmark for operational efficiency and accuracy in policy searches.

Diving into Apiax’s core operations, the company stands at the forefront of the financial industry, specializing in embedded compliance solutions. By embedding crucial compliance features directly into digital financial services, Apiax ensures that regulatory adherence is seamlessly integrated into daily operations, thereby minimizing risk and streamlining processes.

The essence of the newly launched product lies in its ability to transform mundane compliance policies into dynamic, interactive conversations. Powered by Microsoft’s Azure OpenAI services, the AI Policy Assistant provides instant, precise, and verified responses to policy-related queries. This not only ensures that governance standards are upheld at all times but also integrates flawlessly with Apiax’s existing rule-based technology. The result is a solution that boosts decision-making efficiency while upholding the highest standards of compliance.

Nicolas Blanchard, Chief Product Officer at Apiax, emphasized the strategic development of the AI Policy Assistant, stating, “We developed the AI Policy Assistant with the expertise gained from serving multiple global financial institutions. The solution doesn’t compromise on control and transparency and is fully integrated into our comprehensive compliance workbench, ready to tackle complex and multi-faceted policy frameworks.

“Being part of the Microsoft for Startups Program accelerated our innovation process massively by leveraging the extensive resources and expertise of Microsoft.”

Keep up with all the latest FinTech news here.

Copyright © 2024 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.