Tag: Artificial Intelligence (AI)

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.

Mitratech Acquires Leading GRC Technology Company Alyne

Deal Marks Texas-Based Software Provider's Third of 2021 After Company Acquired ContractRoom and AdvancedLaw Texas-based Mitratech recently announced its latest acquisition, GRC platform Alyne. Terms of the deal were not announced, but the acquisition is Mitratech's third this year, including contract lifecycle management platform ContractRoom and legal hiring service AdvanceLaw. ...

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Shield Introduces Industry-Defining, AI-Driven Alert Transparency to Financial Compliance

As financial market regulators work to eliminate market abuse in today’s digital and remote work environments, Shield’s pioneering Alert Transparency provides financial organizations with comprehensive compliance analysis Tel Aviv, Israel (August, 11 2021) – Shield, the world’s leading Workplace Intelligence platform for compliance teams, today announced it is unveiling powerful ...

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MetricStream Raises the Bar for Compliance, Cybersecurity and Risk Management with Brazos Software Release

Product Innovations Include Simplified Regulatory Compliance, Advanced IT and Cyber Risk Quantification and AI-Powered Next-Generation Vendor Risk Management San Jose, CA (August 3, 2021) – MetricStream, the market leader in integrated risk management and governance, risk management, and compliance (GRC), today unveiled its latest software release, Brazos, which includes a myriad ...

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Onit Partners with Sterling Analytics to Offer Third-Party Legal Invoice Review

Strategic 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 ...

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Khosla Leads $11M Round in Lexion, a Fast Growing AI-Powered Contract Management System

SEATTLE – 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 ...

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QuantaVerse Introduces Fast Start Program to Speed and Improve the High-Risk Entity Review Process

Wayne, 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 ...

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Relativity Acquires Text IQ to Drive Leadership in AI for e-Discovery, Compliance and Privacy

Combination 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 ...

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