Compliance.ai has partnered with LogicManager to provide banks and credit unions a modern and seamless compliance management solution.
The strategic partnership will see LogicManager, which offers a suite of enterprise risk management software, add the Compliance.ai customised regulatory content to its own product library. By working together, they hope to help compliance teams keep up with regulatory change.
LogicManager customers will now have access to a complete set of applicable regulations and real-time updates of relevant changes. With natural language processing technology, the platform automatically tags and categorises regulatory content and makes this content available to those who need it.
LogicManager CEO Steven Minsky said, “Customers, investors, and employees place a lot of trust in financial institutions. In the See-Through Economy, keeping up with regulatory changes and proactively managing risk is paramount for financial institutions to protect their stakeholders, and in turn, protect their reputation.
“At LogicManager, we’re building an ecosystem of valuable integrations for our customers and are proud to combine Compliance.ai’s content and real-time updates with the actionable insights our platform provides.”
Compliance.ai supplies personalised insights, obligation analysis and risk assessments to financial institutions. Customers are given a personalised dashboard, displaying a snapshot of recent regulation updates and easy search tools and filters to explore their compliance requirements. Other tools include custom alerts, enforcement trackers and weekly summaries.
The LogicManager platform offers a suite of governance, risk and compliance tools. Its solutions include enterprise risk management, incident management, IT governance and security, compliance management, financial reporting, vendor management, audit management, business continuity and policy management, among others.
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