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.

Amplified Global

Amplifi Intelligibility & Simplification Platform


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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.

How is GenAI used?

To transform complex information into simple language

Theme(s)

Data Analysis & Monitoring, Consumer Protection


Aptus.AI

Daitomic


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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.

How is GenAI used?

To develop the conversational, multi-language, chat interface

Theme(s)

Decision Support


Audeamus Risk

Dynamic BIA


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The solution is used for real-time organizational resilience assessment, and provides options such as automated event detection and comprehensive scenario planning & analysis.

How is GenAI used?

Utilized for smoother end-user experience and risk impact analysis

Theme(s)

Risk Assessment


Braithwate

RegPassโ„ข


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RegPassโ„ข leverages AI to enhance regulatory analysis and compliance for financial firms by creating digital models for clear insights and easy integration with other tools.

How is GenAI used?

To create digital twins of client businesses and parse regulatory texts for nuanced insights

Theme(s)

Compliance Automation


Cognitive View

Risk Monitoring tool


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Cognitive View automates consumer compliance and conducts risk monitoring, reducing workload by 70% with first-of-its-kind integrated compliance and complaints co-pilot.

How is GenAI used?

To automate compliance tasks and generate actionable insights

Theme(s)

Compliance Automation, Risk assessment, Consumer Protection


Complia

Dara – Compliance Co-pilot


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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.

How is GenAI used?

To access and interpret regulatory documents and data

Theme(s)

Data Analysis & Monitoring


Deloitte Australia

SustainNext


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SustainNext accelerates ESG reporting by analyzing disclosures against reporting standards, and aids SMEs in review/validation and offering real-time dashboards.

How is GenAI used?

To analyze content and provide summaries

Theme(s)

Data Analysis & Monitoring

๐Ÿ”— Demo/Solution Link

DHI-AI Pty Ltd

Disclosure Anomaly Platform


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DHI-AI’s solution supports regulators in surveillance and supervision by analyzing public information and associating disclosures with trade activities.

How is GenAI used?

To examine public disclosures/information

Theme(s)

Decision Support


Dvara Research

Dvara PARSE


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The solution monitors real-time customer grievances from social media and other forums, and presents insights via custom interface with 93%+ accuracy.

How is GenAI used?

To perform the core compliance analysis (including validation) and generate relevant insights and recommendations

Theme(s)

Data Analysis & Monitoring


Effectiv

Effectiv Risk Management Platform


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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.

How is GenAI used?

To write detailed reports and narratives for suspicious activities (SAR & CTR)

Theme(s)

Fraud Detection


Elucidate

Real-Time Payments Analysis


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Elucidate’s real-time payment analysis enables clients to perform transaction validation, monitoring, and financial crime risk assessment in real-time.

How is GenAI used?

To analyze payment data points and create risk analysis

Theme(s)

Risk Assessment


Encompass Corporation

Encompass, Corporate Digital Identity (CDI) Platform


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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.

How is GenAI used?

Open-source GenAI is being used to create an Intelligent Document Processing (IDP) solution

Theme(s)

Decision Support


Featurespace

TallierLTMโ„ข


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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.

How is GenAI used?

To analyze past behaviors and predict future transactions, enhancing real-time fraud detection

Theme(s)

Fraud Detection

๐Ÿ”— Demo/Solution Link

Fifth Logic

FinTalkr


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FinTalkr uses AI to monitor financial adviser-client conversations in real-time, ensuring compliance, providing nudges for behavior correction, and automating compliance documentation creation.

How is GenAI used?

To summarize large conversations and extract structured data out of them

Theme(s)

Data Analysis & Monitoring


FSRA

SPARKLE


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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.

How is GenAI used?

To summarize, compare and synthesize financial reports

Theme(s)

Data Analysis & Monitoring


FSRA

Decision Support Portal (DSP)


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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.

How is GenAI used?

To review descriptions and categorize

Theme(s)

Decision Support


FinCrime Dynamics

Synthetizor


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Synthetizor solution empowers financial institutions to detect financial crime. Features include synthetic data generation, FinCrime simulation, & AI benchmarking.

How is GenAI used?

To create synthetic data and financial crime simulations

Theme(s)

Data Analysis & Monitoring, Fraud Detection


Haast Pty Ltd

Haast


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Haast automates marketing compliance, improving outcomes, and productivity while reducing costs. The solution reviews assets, manages approvals, and monitors digital channels for compliance issues.

How is GenAI used?

Embeds generative AI in the compliance review workflow for rule creation and issue detection

Theme(s)

Compliance Automation

๐Ÿ”— Demo/Solution Link

IDVerse

IDVerse IDV


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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.

How is GenAI used?

To detect AI-generated content and fraud

Theme(s)

Fraud Detection


Lingua Custodia

VERTO


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The secure document processing platform translates, transcribes, analyzes, and extracts information for financial institutions and regulators while ensuring data security.

How is GenAI used?

To search for information in documents (text search)

Theme(s)

Data Analysis & Monitoring

๐Ÿ”— Demo/Solution Link

NayaOne

Synthetic Data Solution


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NayaOne generates synthetic data resembling real-world data, ensuring privacy and security, enabling organizations to use high-quality data for analytics and testing.

How is GenAI used?

To generate synthetic data that closely mimics the statistical properties and patterns of the original data

Theme(s)

Data Analysis & Monitoring


Norm AI

Norm AI Platform


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The solution converts complex regulations into AI agents that can evaluate proposed actions for compliance, provide compliance checks, and answer questions about regulations.

How is GenAI used?

To automate the compliance process

Theme(s)

Compliance Automation

๐Ÿ”— Demo/Solution Link

Proto

Proto AICX for Government


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Proto AICX for Government offers chatbot & case management for supervisors in multiple countries, ensuring consumer protection & privacy compliance.

How is GenAI used?

For productivity (case summarisation, analytics generation) & chatbot training features (documents, URLs, transcripts)

Theme(s)

Consumer Protection

๐Ÿ”— Demo/Solution Link

QFCRA

AML Policies & Procedures Information Analysis & Retrieval


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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.

How is GenAI used?

To ingest information supplied by the user and output a relevant and coherent response/analysis

Theme(s)

Compliance Automation


Regnology

Regnology Chatbot


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Regnology Chatbot simplifies regulatory inquiries, saving time for users by leveraging AI to understand complex regulations and provide accurate responses.

How is GenAI used?

To generate responses based on the user’s query and historical data

Theme(s)

Decision Support

๐Ÿ”— Demo/Solution Link

Regology

Reggi


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Reggi is a regulatory assistant designed to conduct regulatory research, identify legal requirements, and create draft policies and procedures, all with verifiable citations.

How is GenAI used?

To conduct regulatory research within minutes and create draft policies and procedures

Theme(s)

Policy Development

๐Ÿ”— Demo/Solution Link

Regxelerator

Compliance Assessment tool


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Regxeleratorโ€™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.

How is GenAI used?

An advanced generative AI pipeline enables extraction and analysis of policy content against regulations

Theme(s)

Compliance Automation

๐Ÿ”— Demo/Solution Link

SteelEye

Compliance Co-Pilot


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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.

How is GenAI used?

To automate the alert review process and provide actionable insights

Theme(s)

Compliance Automation, Risk assessment

๐Ÿ”— Demo/Solution Link

Theta Lake

Security & Compliance Suite


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Theta Lake pioneers Digital Communications Governance (DCG) with capture, archive connectors, compliance archiving, and supervision for fast, effective compliance across all modalities.

How is GenAI used?

To analyze aggregated chat conversations and provide summaries

Theme(s)

Data Analysis & Monitoring

๐Ÿ”— Demo/Solution Link

TRAiNED Inc.

MORi


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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.

How is GenAI used?

To remove information from documents and extract structured data

Theme(s)

Data Analysis & Monitoring


Williams Lea

TSO


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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.

How is GenAI used?

To transform legal texts into machine-readable rules

Theme(s)

Compliance Automation


Winnow Solutions, LLC

Winnow AIโ€š Legal Search Assistant


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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.

How is GenAI used?

To analyze customer input and provide relevant results, improved over time

Theme(s)

Decision Support

๐Ÿ”— Demo/Solution Link

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