i-GENTIC Launches GENIE AI Platform for Real-Time Compliance
Introduction
In an era where regulatory compliance is becoming increasingly complex and critical, i-GENTIC is leading the way with the launch of its GENIE AI platform. This innovative solution uses advanced artificial intelligence (AI) technology too automatically check corporate documents for regulatory compliance, errors, and omissions. GENIE AI is a game-changer for regulated industries such as finance and healthcare, providing real-time compliance automation and considerably reducing the risk of penalties and loss of share value.
How GENIE AI Works
GENIE AI filters documents through over 1,000 regulatory databases and identifies each and every discrepancy. It reads every line,calculates every number,and checks every instance in every regulation. This thorough and meticulous process saves companies time, energy, and usually large amounts of money in the long run.
The platform runs its initial scan in as little as seven minutes and presents its findings instantly on an intuitive dashboard. The AI then delivers real-time reports and notifications whenever changes are made that affect the compliance status of your organisation.
The Importance of Real-Time Compliance
With quarter-turn around times becoming the norm, time is now a major issue for businesses. GENIE AI’s ability to constantly scan and report on compliance matters, confidentially saving not only time but also dramatically reducing the risk of penalties, interest, and loss of share value, is vital for modern business.
GENIE’s automated and immediate reporting makes it a crucial tool for CFOs, enabling them to make impactful decisions in a timely and safe fashion – from anywhere, anytime,” says Khasruz Zaman, Senior Software architect of GENIE AI. “Failure to adjust our efforts to the hyper-speed of regulatory changes and maintenances can lead to direct loss or increased compliance cost for corporations.”
Benefits of GENIE AI
“The meaningful benefits of our AI will enable corporates to have more time to review risks and insights, ensuring thorough and conscientious evaluation of the compliance findings – one of the most critical business tasks for CFOs and company directors,” adds Management Information Officer, Jenni Isomaki.
Conclusion
As the regulatory landscape continues to evolve, companies must stay informed about both current and forthcoming rules that may impact their operations. GENIE AI by i-GENTIC is a powerful tool that simplifies this process, providing real-time compliance automation and valuable insights for decision-makers. With GENIE AI, businesses can confidently navigate the complexities of regulatory compliance, ensuring they remain compliant and avoid costly penalties.