AiPrise, a leader in the RegTech industry known for its innovative AI solutions, has launched its Compliance Copilot product.
According to the firm, this new product is designed to tackle some of the most pressing challenges in the compliance sector today.
AiPrise specializes in leveraging artificial intelligence to enhance and simplify regulatory compliance. Their solutions are tailored to reduce the burden on businesses, ensuring they meet the latest compliance standards with ease and efficiency.
The Compliance Copilot is a comprehensive tool that offers multiple functionalities to improve compliance management. For instance, the AML Insights feature drastically reduces the time spent on manual reviews by providing a consolidated timeline view of all relevant adverse media articles and detailed AML reports triggered by sanction hits.
Additionally, the Document Insights feature can extract Ultimate Beneficial Owner (UBO) information from registration certificates, summarize bank statements, and even verify the authenticity of documents in just a few clicks.
The Copilot Command Center is another highlight, designed to reshape compliance workflows to be more user-centric. It allows users to compute risk scores, extract reports, run verifications, and integrate insights from various documents seamlessly through a unified chat interface.
AiPrise’s Compliance Copilot also includes several innovative features aimed at enhancing the efficiency and effectiveness of compliance processes. From reducing manual labor to providing quick, actionable insights, this tool is set to transform the compliance landscape.
Keep up with all the latest FinTech news here.
Copyright © 2024 FinTech Global
