As part of the NextGenAI initiative, AIR held an open call for solutions for technology companies with GenAI-enabled solutions that could address some of the challenges that financial authorities face. By using this resource, you understand that the Alliance for Innovative Regulation Institute (AIR), does not endorse any of the vendors or resources listed, and bears no responsibility for their content, any subsequent contact, conversation, transfer of information, procurement, or legal contracting. The NextGenAI Digital Showcase is intended as a reference for those seeking information, resources or potential vendors for technology that utilizes generative artificial intelligence. The data provided on this site is for informative purposes only; we recommend all information be independently verified for the nature of its use. These resources are not an exhaustive list and represent submissions made via an open submission link on the AIR’s website.
Amplifi Intelligibility & Simplification Platform
Amplifi simplifies complex information like terms, conditions, and regulatory updates, and provides clients with insights on how their customers are engaging with the information they are presented with.
To transform complex information into simple language
Data Analysis & Monitoring, Consumer Protection
Daitomic
Daitomic supports EU Financial Institutions in optimizing their regulatory change and compliance operations. Daitomic automates collection and analysis of regulatory updates, leading to proactive risk identification and impact assessment.
To develop the conversational, multi-language, chat interface
Decision Support
Dynamic BIA
The solution is used for real-time organizational resilience assessment, and provides options such as automated event detection and comprehensive scenario planning & analysis.
Utilized for smoother end-user experience and risk impact analysis
Risk Assessment
RegPass™
RegPass™ leverages AI to enhance regulatory analysis and compliance for financial firms by creating digital models for clear insights and easy integration with other tools.
To create digital twins of client businesses and parse regulatory texts for nuanced insights
Compliance Automation
Risk Monitoring tool
Cognitive View automates consumer compliance and conducts risk monitoring, reducing workload by 70% with first-of-its-kind integrated compliance and complaints co-pilot.
To automate compliance tasks and generate actionable insights
Compliance Automation, Risk assessment, Consumer Protection
Dara – Compliance Co-pilot
Dara serves as a compliance research expert in financial services, offering accurate guidance and support across various compliance tasks using extensive regulatory knowledge and Generative AI.
To access and interpret regulatory documents and data
Data Analysis & Monitoring
SustainNext
SustainNext accelerates ESG reporting by analyzing disclosures against reporting standards, and aids SMEs in review/validation and offering real-time dashboards.
To analyze content and provide summaries
Data Analysis & Monitoring
Disclosure Anomaly Platform
DHI-AI’s solution supports regulators in surveillance and supervision by analyzing public information and associating disclosures with trade activities.
To examine public disclosures/information
Decision Support
Dvara PARSE
The solution monitors real-time customer grievances from social media and other forums, and presents insights via custom interface with 93%+ accuracy.
To perform the core compliance analysis (including validation) and generate relevant insights and recommendations
Data Analysis & Monitoring
Effectiv Risk Management Platform
Effectiv is a real-time fraud & risk management platform for Financial Institutions & Financial Technology firms that enables AI-driven solutions for transaction monitoring, underwriting, authentication events, etc.
To write detailed reports and narratives for suspicious activities (SAR & CTR)
Fraud Detection
Real-Time Payments Analysis
Elucidate’s real-time payment analysis enables clients to perform transaction validation, monitoring, and financial crime risk assessment in real-time.
To analyze payment data points and create risk analysis
Risk Assessment
Encompass, Corporate Digital Identity (CDI) Platform
Encompass facilitates quick, precise identity validation for corporate customers, ensuring KYC compliance by amalgamating real-time data from global sources, automating searches, and offering connections to 175+ data products.
Open-source GenAI is being used to create an Intelligent Document Processing (IDP) solution
Decision Support
TallierLTM™
Featurespace’s solution facilitates real-time detection of criminal activity, including account takeover fraud, first-party fraud, and authorized push payment fraud, in electronic payments networks.
To analyze past behaviors and predict future transactions, enhancing real-time fraud detection
Fraud Detection
FinTalkr
FinTalkr uses AI to monitor financial adviser-client conversations in real-time, ensuring compliance, providing nudges for behavior correction, and automating compliance documentation creation.
To summarize large conversations and extract structured data out of them
Data Analysis & Monitoring
SPARKLE
Financial Services Authority of Ontario’s SPARKLE (Smart Personalized Assistant for Retrieving Knowledge Learnings and Experiences) is an internally developed platform for capital adequacy requirements stress testing.
To summarize, compare and synthesize financial reports
Data Analysis & Monitoring
Decision Support Portal (DSP)
DSP analyzes suitability of an applicant to be licensed by the Financial Services Authority of Ontario by reviewing descriptions of court cases and determine if an applicant is the plaintiff, defendant or other party.
To review descriptions and categorize
Decision Support
Synthetizor
Synthetizor solution empowers financial institutions to detect financial crime. Features include synthetic data generation, FinCrime simulation, & AI benchmarking.
To create synthetic data and financial crime simulations
Data Analysis & Monitoring, Fraud Detection
Haast
Haast automates marketing compliance, improving outcomes, and productivity while reducing costs. The solution reviews assets, manages approvals, and monitors digital channels for compliance issues.
Embeds generative AI in the compliance review workflow for rule creation and issue detection
Compliance Automation
IDVerse IDV
IDVerse uses advanced image analysis and deep learning to accelerate good users and stay ahead of fraudsters. Users are verified with just their ID and smartphone, and the tool currently covers 16,000+ documents in 220+ countries.
To detect AI-generated content and fraud
Fraud Detection
VERTO
The secure document processing platform translates, transcribes, analyzes, and extracts information for financial institutions and regulators while ensuring data security.
To search for information in documents (text search)
Data Analysis & Monitoring
Synthetic Data Solution
NayaOne generates synthetic data resembling real-world data, ensuring privacy and security, enabling organizations to use high-quality data for analytics and testing.
To generate synthetic data that closely mimics the statistical properties and patterns of the original data
Data Analysis & Monitoring
Norm AI Platform
The solution converts complex regulations into AI agents that can evaluate proposed actions for compliance, provide compliance checks, and answer questions about regulations.
To automate the compliance process
Compliance Automation
Proto AICX for Government
Proto AICX for Government offers chatbot & case management for supervisors in multiple countries, ensuring consumer protection & privacy compliance.
For productivity (case summarisation, analytics generation) & chatbot training features (documents, URLs, transcripts)
Consumer Protection
AML Policies & Procedures Information Analysis & Retrieval
This is a Regulatory Analysis and Guidance (RAG) solution from the Qatar Financial Centre Regulatory Authority that leverages OpenAI’s GPT-4 to automate the process of evaluating a firm’s Anti-Money Laundering (AML) policies and procedures against the corresponding rules, laws, and regulations.
To ingest information supplied by the user and output a relevant and coherent response/analysis
Compliance Automation
Regnology Chatbot
Regnology Chatbot simplifies regulatory inquiries, saving time for users by leveraging AI to understand complex regulations and provide accurate responses.
To generate responses based on the user’s query and historical data
Decision Support
Reggi
Reggi is a regulatory assistant designed to conduct regulatory research, identify legal requirements, and create draft policies and procedures, all with verifiable citations.
To conduct regulatory research within minutes and create draft policies and procedures
Policy Development
Compliance Assessment tool
Regxelerator’s compliance assessment tool blends generative AI and RPA to automate the supervisory review of financial firms’ policies against certain qualitative regulatory requirements and recommend supervisory action points.
An advanced generative AI pipeline enables extraction and analysis of policy content against regulations
Compliance Automation
Compliance Co-Pilot
SteelEye’s Compliance Co-pilot accelerates communication surveillance alert review process by identifying risk-ranked alerts and automating resolution suggestions, thereby boosting overall efficiency of the compliance function.
To automate the alert review process and provide actionable insights
Compliance Automation, Risk assessment
Security & Compliance Suite
Theta Lake pioneers Digital Communications Governance (DCG) with capture, archive connectors, compliance archiving, and supervision for fast, effective compliance across all modalities.
To analyze aggregated chat conversations and provide summaries
Data Analysis & Monitoring
MORi
MORi (Mortgage Origination Responsible Intelligence) normalizes data from Loan Origination Platforms, Documents, and Direct to Source data, and streamlines mortgage operations by identifying and storing actionable information, saving time and resources.
To remove information from documents and extract structured data
Data Analysis & Monitoring
TSO
The platform digitizes regulators’ rulebooks, creating machine-readable rules for accurate policy-making. This helps firms assess the impact of rules and achieve interoperability between supervision and in-house compliance functions.
To transform legal texts into machine-readable rules
Compliance Automation
Winnow AI‚ Legal Search Assistant
Winnow AI provides a conversational interface which offers quick responses to legal queries based on a vast attorney-reviewed database, preventing common AI limitations like hallucinations.
To analyze customer input and provide relevant results, improved over time
Decision Support
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