Financial services compliance provider SteelEye has launched a new tool, Compliance CoPilot, underpinned by advanced large language models, which the company says will accelerate the response time of compliance offers and enhance the efficiency of alert management.
Compliance CoPilot automates the alert review process by rapidly analyzing data, flagging suspicious communications and offering a risk score, SteelEye said. The result is a reduction in compliance officer time spent on understanding and reviewing alerts.
”Whereas AI alone is inherently deterministic and lacks explicability, the SteelEye Compliance CoPilot is the perfect assistant and sidekick for busy surveillance teams, assuring regulators that human decision-making remains at the heart of compliance,” SteelEye CEO Matt Smith said in a news release.
