Consultant Engage Insight is preparing to launch a digital compliance and professional development 'officer' for adviser firms in the shape of a 'chatbot' designed to enhance businesses' compliance procedures.
Model Office (MO) Enterprise is intended to build on the consultant's existing regtech platform, Model Office, which offers a regulatory audit of all of a firm's operations and activities. Engage Insight said the chatbot would have full artificial intelligence (AI) capability and act as "a digital compliance officer," interrogating a firm's regulatory data and providing "meaningful management information". MO Enterprise will do this through an open application programming interface that enables the chatbot to access a business's back-office data to provide information on key regulator...
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