AI’s ability to process large volumes of data with speed and accuracy can potentially transform regulatory compliance — but not without attendant risk and challenges. In the short term, the technology can be used to assist business leaders to understand compliance requirements easily and take apposite action, but circumventing human intelligence and our ability to think ethically and abstractly makes AI’s role in compliance controversial and complex.
Some make it seem like automating compliance functions is a question of do or die. But if anyone hopes to have a seat at the table, they need to understand the risks involved – along with the evolving set of AI regulations in finance they will need to follow. AI ...
Read moreStrategic Alliance Combines the Power of Technology and Experienced Reviewers to Control and Understand Legal Spend HOUSTON (July 8, 2021) – Onit, Inc., a leading provider of enterprise workflow and artificial intelligence platforms and solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced that it has entered into ...
Read moreFinancial institutions can leverage machine learning to make an array of functions faster, more accurate and more efficient. But deployment is just the first step. In the end, machine learning governance makes or breaks the efficacy of any system. In today’s banking and financial services world, we are rebuilding many ...
Read moreSEATTLE – June 17, 2021 – Lexion, an AI-powered contract management system, announced an oversubscribed $11 million Series A round led by Khosla Ventures, with participation from existing investors Madrona Venture Group and Wilson Sonsini, bringing the total invested to $15.2 million. Kanu Gulati from Khosla Ventures will join Lexion's ...
Read moreWayne, PA (June 8, 2021) – QuantaVerse, which uses AI and machine learning to automate financial crime identification and investigations, is offering HRER Fast Start to banks interested in cutting costs and improving the accuracy and consistency of their high-risk entity review program. In no more than 60 days,* QuantaVerse can launch HRER and return the first month of QuantaVerse ...
Read moreCombination will enable law firms, enterprises and service providers to reliably and efficiently identify and manage sensitive and privileged data in an integrated intelligent suite CHICAGO and NEW YORK (May 27, 2021) – Relativity, a global legal and compliance technology company, today announced that it has acquired Text IQ, a Top ...
Read moreThe European Commission proposed a new set of regulations to both make AI trustworthy and spur its development. While rules still need to be ratified, they have the potential to affect any business leveraging or developing AI in the EU. A proposed set of regulations from the European Commission for ...
Read moreThe workplace of the future is being shaped by two powerful forces: the shifting mix of permanent and non-permanent talent, and the growing adoption of digital technologies. How companies address these trends can determine their success over the next decade.
Read moreEarly Results Reveal Enhanced Insight into Legal Spend and Cost Savings for Corporate Legal Departments and Legal Operations Houston, TX (May 26, 2021) – Onit, Inc., a leading provider of enterprise workflow and artificial intelligence platforms and solutions, including enterprise legal management, contract lifecycle management and business process automation, today ...
Read moreNewest solution leverages machine learning to cut false positives by 65 percent while significantly reducing reviewer fatigue and deployment time May 17, 2020 – Proofpoint, Inc., (NASDAQ: PFPT), a leading cybersecurity and compliance company, today announced the launch of NexusAI for Compliance, a new machine learning module for Proofpoint Enterprise Archive ...
Read morePowerful Feature Revolutionizes Contract Review with AI That Goes Beyond Alerts and Does the Work HOUSTON (May 11, 2021) – Onit, Inc., a leading provider of enterprise workflow and artificial intelligence platforms and solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced a substantial update to its ReviewAI software product. Smart ...
Read moreLondon and Tel Aviv (April 29, 2021) – Specialist RegTech provider Shield today announces the addition of its Trade Intelligence layer as part of its communications compliance lifecycle platform. By utilizing AI and closely matching trade data with all relevant communications, firms can retrieve and report on specific trades faster, easier, ...
Read more
