Regulatory compliance meets Generative AI

The solution caters for all regulated firms including banks, building societies, investment firms, insurance companies, financial market infrastructure participants, global custodians, and other entities seeking firm-specific, comprehensive, and real-time guidance on complex regulatory topics. The tool offers great flexibility to local and global organisations as it can be adapted to each country’s legislation and, therefore, provide assistance bespoke to the required region, country or area.

Developed jointly by Data Reply, whose offering focuses on advanced analytics and AI-powered data services and, Avantage Reply, the company specialised in Financial Services consulting, SpellML Reply provides real-time regulatory advice to technical, complex questions, including those that require interpretation and analysis.

The AI-powered solution is fuelled by a robust regulatory knowledge base to stay up-to-date and relevant to each specific industry or function. It is customisable to information sets in any format, allowing base data inputs such as consultation papers, regulatory technical standards, supervisory statements, published by regulators or industry bodies, the PRA, FCA, ECB, BCBS as well as institution's policy framework.

SpellML Reply can be integrated with existing platforms to deliver a unified and familiar user experience, transforming the way financial institutions have traditionally managed their regulatory compliance functions into efficient, accurate, and cost-effective processes specific to their unique requirements. With SpellML Reply, institutions can benefit from accelerated risk and regulatory reporting, effortless summarisation of extensive documentation and data, seamless document, and policy comparisons, and a digital knowledge management system.