Regulatory watch has recently become a necessity for every actor of the banking industry, because of scattered documentations due to the important number of regulators.
With the numerous sources to considers, specialists of regulatory watch spend more time gathering the information than processing it, and non-specialists sometimes miss critical regulatory information.
This double problem, putting the financial institutions at risk, motivated Sia Partners to create a solution taking care of both the gathering of new publications and push the information to as many people as possible through simple analysis performed with Natural Language Processing.
The purpose of the bot is to gather, qualify and pre-analyze regulatory updates automatically to allow its users to skip those steps and focus on deep analysis:
- Collection: daily capture of documents published on targeted sites
- Storage: in a dedicated NoSQL database, allowing to keep an history of the regulations processed
- Analysis: Machine Learning Algorithms analyze documents to enrich them (topics, language, synthesis)
- Visualization: a search engine to look for regulations and a dashboard to visualize the actuality of regulatory publications
Information: with a fully customizable newsletter in order to be alerted in case a potentially interesting article would be spotted