Compliance Advisory : Generative AI Adoption
Technology : Appian + OpenAI
Client : Global Banking Group
Waivgen partnered with a global banking group to design and implement generative AI across their compliance advisory function. This innovative approach is enabling our client to unlock significant efficiency and accuracy by deploying AI to identify relevant links between queries, policies, regulations, risks, and issues.
Objective
The primary goal was to leverage AI technology to streamline compliance advisory cycle thus improving the overall advisory services provided by the banking group.
Solution
By adopting advanced generative AI, Waivgen designed a comprehensive user journey approach seamlessly integrated with AI capabilities to identify and connect pertinent information across various compliance-related elements. This enabled the bank to deliver more precise and timely advisory services.
Outcomes
The integration of AI technology resulted in significant improvements:
- Increased efficiency in handling compliance queries
- Enhanced accuracy in advisory services
- Streamlined workflow processes
- Reduced operational costs
Conclusion
Waivgen’s engagement with the global banking group underscores their expertise in utilizing cutting-edge AI technologies to transform compliance functions, delivering measurable improvements in efficiency and accuracy.