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.

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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Onit Debuts InvoiceAI, Artificial Intelligence for Legal Invoice Review

Early 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 ...

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Onit Expands ReviewAI with Smart Checklists

Powerful 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 ...

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Shield Releases its Trade Intelligence Solution to Further Strengthen Compliance and Commercial Insights

London 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, ...

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