The financial services industry is evolving quickly, as are the complexities of regulatory compliance. Institutions face growing demands from regulators, and they are looking for solutions to help meet heightened standards without ballooning compliance budgets.
Organizations are increasingly adopting regulatory technology — artificial intelligence (AI) and machine learning (ML) in particular — to automate everyday tasks of compliance officers. Robotic process automation (RPA) and natural language processing (NLP) also boost the efficiency and accuracy of manual tasks.
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