Financial Services sector to benefit from a new way to manage data

September 30th, 2013   

Automated Intelligence (AI) uses their content management expertise and experience to expand into the Financial Services Sector with the launch of a new product called AI.ASSURE.

To be released in October 2013, AI.ASSURE is specifically for the Financial Services sector. The product is designed to help the industry meet the complex regulatory and corporate policy demands that result from multiple divisions operating across diverse political and geographic boundaries. It is a unique solution that enables financial institutions to meet business requirements around Governance, Risk and Compliance (GRC) mandates in the most cost-effective way.

AI ASSURE BANNER

Following an extensive research and customer insight programme, Automated Intelligence have pinpointed  three major challenges when it comes to managing data against Governance, Risk and Compliance Policy for Financial Institutions. The first challenge is the increased regulations and the associated costs with non-conformance, legal discovery, hold and review.  The second challenge is the fact that organisations depend on their workforce to create, share, store and manage information against regulations and policies, and this is difficult to control.  The final challenge is the extensive amounts and rising volumes of data, with no policy applied resulting in rising costs of permanent storage.   In addition to this, Microsoft SharePoint is a solution that many Banks and Financial Institutions are currently using for collaboration and document storage.

AI have developed AI.ASSURE to extend SharePoint with additional enhancement features to address these challenges.  Organisations will be able to streamline the process for monitoring, reporting and auditing against these regulations by provisioning, enforcing and reporting all GRC controls and regulatory requirements across data held within their organisation.

Mark Godfrey CEO, Automated Intelligence comments “Managing information and data in the highly regulated, expansive and dynamic Financial Services Sector has become difficult to control. These are challenges that the team at AI have encountered and solved before in a range of Public and Private sector organisation’s across the globe.  We have used our knowledge and experience to develop a solution tailored to the needs of Financial Services.  Our new solution will help improve governance and management of data, enhance efficiencies in meeting regulatory demand and reduce costs and risk associated with non-conformance, data storage, legal discovery, hold and review. We have tested the solution with some of the key influencers within the industry and it has been received positively.  We look forward to working with the FS sector introducing them to a new innovative new way to manage data.”

AI.ASSURE to be launched on Wednesday 9th October, for further details please contact ai.assure@automated-intelligence.com