AI-powered Compliance & Operational Quality Control Platform for Financial Institutions
Discover Auditale's AI-powered Compliance & Quality Control Platform, tailored for banks and fintechs to seamlessly manage and secure their human and AI-driven actions—ensuring adherence to external regulations and internal policies
The Challenge
The widespread adoption of AI solutions alongside human operators opens up many new business opportunities. However, this evolution also adds complexity, new financial risks and operational challenges
AI Governance and policy management
Managing AI systems requires robust governance frameworks and clear policies to ensure responsible deployment and operation within financial institutions.
Monitor compliance adherence level
Tracking and measuring adherence to complex regulatory requirements and internal compliance policies across all operational activities.
Monitor execution quality - effectiveness & efficiency
Ensuring that operational processes are not only compliant but also executed efficiently and effectively to maintain quality standards.
Leading to severe business impact:
Regulatory Risk Exposure
Financial Institutions face increasing regulatory scrutiny with a 31% rise in fines in H1 2024 compared to H1 2023. AML fines in 2024 reached approximately $3.1B.
Compliance Operational Costs
Global losses range from $1.4 to $3.5 trillion annually. Financial institutions struggle with high audit & compliance operational costs.
Direct Business Impact
Poorly implemented programs are slowing down business operations, causing business losses, and creating reluctance to expand and adopt new technology.
The Solution
Compliance Audit Automation Platform Using Advanced LLM Capabilities
Auditale
Policy Management
Gain visibility into AI inventory for compliance & governance controls
Quality Control & Assurance
Monitor operations for quality standards and regulatory compliance through AI-powered automated assessments
Compliance Adherence
Ensure execution alignment with internal policies and procedures
Remediation Report
Generate reports and create automatic remediation plans using Gen-AI
Example Use Case
Alert Investigation - Automated Quality Control
- •Check alignment of Fin-Crimes investigation processes against internal policies & procedures
- •Check case investigation quality
- •Rate rationalization and final decision
- •Identify repeatable defective trends
- •Create remediation plans
Benefits
Reduce Risk
Reduce operational & regulatory risk exposure with comprehensive audit automation.
Cost Savings
Reduce operational costs by up to 70% through AI-powered automation.
Protect Reputation
Eliminate reputational damage by ensuring compliance with regulations.
Drive Growth
Empower business growth & gain competitive advantage through improved compliance processes.
Ready to transform your compliance and audit processes?
Join leading financial institutions that trust Auditale for creating a new category of Compliance Governance & Audit Automation.
Contact Us Today