Contact Us

Regulatory watch: using AI to remain ahead of regulatory challenges

From the lasting economic and societal impacts caused by the pandemic to new ways of working, companies turn more than ever to digital tools to ensure the robustness and efficiency of their compliance processes.

2021 has pushed companies to put more efforts into compliance risk management as they accelerate online and digital technologies, adopt long-term remote working practices and expand their financial and non-financial climate management and ESG challenges. From the lasting economic and societal impacts caused by the pandemic to new ways of working, companies turn more than ever to digital tools to ensure the robustness and efficiency of their compliance processes.

clients
For 20 years, we have worked with our clients on all regulatory changes. From the EU Capital Markets Union’s “action plan” to Asia-Pacific’s cross-border investment opportunities and Brexit-related regulatory reviews in the UK, or the shift in focus to regulatory priorities in financial services in the US, we are at the forefront of local specificities in priorities and strategies. Priorities may differ, but the volume and pace of new legislation are higher than ever. With each supervisory entity publishing its guidelines, consultation papers, etc.

The financial sector has become overwhelmed with regulatory updates. In addition, law firms, consulting firms, global custodians, and industry associations also publish newsletters and alerts. The increase in the number of regulatory sources has been accompanied by a demand for greater scrutiny, putting more and more pressure on Compliance departments. Adding to these challenges, one of the pain points of Legal & Compliance officers is to figure out which publications are crucial and which ones will enable them to anticipate business impacts.

 

With Heka, our AI arm, we’ve shifted our focus and decided to leverage AI to keep up with the ever-changing regulatory landscape and optimize compliance processes. We conceived Reg Review with our clients as a unique intelligent platform handling AI-powered regulatory watch and compliance process management and allowing:

  • Real-time screening of your regulatory sources;
  • AI-powered analysis of publications to extract essential information (subject, regulation, summary, relevant stakeholders, etc.);
  • End-to-end management of all the compliance tasks (e.g., circulation of documents & newsletters to the impacted parties, tracking of actions, task assignment, and validation) with the process management platform (BPM);
  • Complete audit trail including analysis and remediation performed on each regulation.

Reg review offers compliance leaders a comprehensive solution for automating regulatory watch and processes, as regulators around the globe push for greater integration and operationalization of compliance into business processes and as market conditions and external stakeholders demand greater efficiencies in compliance.

Reg

How do our customers use Reg review?

A multinational banking and financial services company headquartered in Singapore used Reg review to improve the efficiency of its central compliance team in handling regulatory updates. It implemented Reg review to automate and implement a regulatory update and change process and system to gain efficiencies, ensure accurate tracking of deadlines and action items, and improve audit trails. The solution has resulted in significant gains in processing time, allowing users to allocate more time to analysis. Reg Review saved an estimated two FTEs out of the five that make up the POC team.
image
One of the leading Japanese Banks has implemented RegReview across six countries in Asia and three languages (Chinese, Korean and English). Our client’s objective has been to standardize, automate, and increase its efficiency and accountability through an STP process provided by the RegReview solution. Indeed, the 50+ users from the Compliance Team but with different processes per jurisdiction have been using the tool to automate the end-to-end regulatory change processes from the collection of articles to the management reporting through customized dashboards. It helped them reduce 76% of processing time while maintaining an audit trail for the regulators. As part of their digitalization strategy plan, the adoption of RegReview has also facilitated cross-country collaboration while streamlining operations.

Share

Our publications

Logo

Sia US FS - Weekly Regulatory Update

Sia US FS - Weekly Regulatory Update

2025

Read more
Ai Abstract Art

2024 Key Technology Trends

The introduction of Chat GPT and other Large Language Models (LLMs), Generative AI (Gen AI) stands out as the dominant conversation in 2023.
Original Article: https://www.sia-partners.com/en/insights/publications/2024-key-technology-trends

2025

Read more
OpenStreetMap from Heka

OpenStreetMap: Using open data and guaranteeing …

In this article, we explore the use of OpenStreetMap for extracting geospatial data and implementing an approach to enhance the overall data quality. We delve into the key steps of data extraction including selecting the area of interest, data collection, cleaning, and preparing data for future use.

2025

Read more
See our publications