CompliSolv Launches AI-Powered Compliance Platform for Financial Institutions
CompliSolv is set to launch an AI-powered compliance platform to help banks and financial institutions navigate regulatory requirements.
The subscription-based platform combines AI technology with legal expertise to deliver plain-language summaries of regulatory requirements, including:
- over 82,000 plain-English requirements organized by topic and subtopic
- advanced search capabilities
- automated updates and regulatory change alerts
- control mapping
- a preemption forecaster
- customizable dashboards
The platform, built by banking lawyers, maps requirements directly to internal controls, flags changes as regulations evolve and forecasts potential preemption opportunities.
The company said the platform is scheduled to be released on Oct. 19.
Author's summary: CompliSolv launches AI-powered compliance platform.