Smart Compliance Tool: Revolutionising Regulatory Compliance with AI

With Smart Compliance Tool, verifying that documents adhere to your organisation’s internal policies and regulatory frameworks becomes seamless, quick, and secure:

• Real-time verification: Documents are analysed within minutes, eliminating the need for exhaustive manual review.
• Reduced risk exposure: Advanced automatic control systems mitigate risks associated with non-compliance, minimising financial and reputational damages.
• Intelligent document revision: A user-friendly interface, coupled with AI-driven suggestions, facilitates intuitive corrections and ensures full compliance.

GFT’s Smart Compliance Tool is a comprehensive RegTech solution developed to assist businesses in document analysis and regulatory compliance. It is tailored to meet the needs of various regulatory standards, corporate policies, and disciplinary codes across multiple industries.

Crucial for departments such as Operations, Compliance, Procurement, Risk, and Legal, Smart Compliance Tool provides essential support in risk management and regulatory adherence.

Smart Compliance Tool automates document compliance assessment by generating a compliance score, identifying document sections that meet or deviate from required standards. Leveraging generative AI, it actively assists users in reviewing and adjusting non-compliant content through targeted recommendations.

The system operates through three fundamental components, working in synergy under AI guidance:

1. Knowledge Base: A dynamic repository of regulatory and policy documents forming the reference framework for compliance assessments.
2. Custom Control Rules: A set of predefined and adaptable criteria establishing compliance standards.
3. Document Analysis: The AI scrutinises documents against the control rules and regulatory framework, providing instant feedback.

• Controlled Knowledge Base: A modular, secure system that integrates with corporate repositories and external databases while allowing independent management and updates.
• Customisable Control Rules: Organisations can define and tailor compliance checks to meet their specific needs, ensuring precise evaluation.
• Total Score Rating: A Compliance Score provides an instant overview of adherence levels, supplemented with detailed explanations.
• Detailed Score Analysis: Identifies compliant and non-compliant sections, helping users focus on critical areas that require attention.
• AI-Driven Remediation: Suggests context-specific corrections to ensure documents align with compliance standards efficiently.
• Real-Time Document Inspection: Highlights relevant text segments for seamless review and validation.

Smart Compliance Tool is adaptable across various regulatory environments, including:

1. Smart Compliance DORA: Ensures compliance with the EU’s Digital Operational Resilience Act (DORA), a critical regulation for financial institutions.
2. Smart Compliance Corporate: Customisable to align with internal corporate policies and governance frameworks.
3. Smart Compliance ESG: Supports businesses in meeting ESG (Environmental, Social, and Governance) regulatory requirements efficiently.
4. Smart Compliance Custom: Bespoke solutions designed to enhance compliance processes and risk management.

With DORA taking effect since 17 January 2025, financial institutions must act swiftly to ensure compliance. Failure to comply may result in financial penalties and reputational damage. Smart Compliance Tool is pre-trained on DORA standards, enabling institutions to assess compliance across various contractual frameworks efficiently. 

The evolving regulatory landscape demands more efficient compliance solutions. Traditional manual monitoring methods are increasingly unsustainable: 

• 76% of compliance managers still monitor regulations manually. 

• 50% of organisations allocate between 6–10% of revenue to compliance costs. 

• $2.1M is the average annual spend on third-party compliance verification. 

• RegTech investments are projected to grow by 124% by 2028 (from $83B to $207B). 

By automating compliance processes and leveraging AI, businesses can: 

• Analyse large volumes of documents rapidly. 

• Conduct comparative assessments efficiently. 

• Perform targeted compliance checks. 

• Receive AI-generated compliance recommendations. 

Smart Compliance Tool by GFT represents a transformative leap in compliance automation, helping businesses mitigate regulatory risks while streamlining compliance workflows. By harnessing AI, organisations can reduce costs, increase efficiency, and ensure regulatory adherence with unparalleled precision. 

Take the next step towards effortless compliance with Smart Compliance Tool—empower your organisation today.