Model Office has introduced an artificial intelligence (AI) text analysis system which auto-audits retail investment adviser compliance policy documents.
MOnitor will take some of the ‘grunt' work out of auditing compliance policy documents, so auditors and compliance professionals can streamline audit activities gaining instant management information (MI), data and time and cost savings, Chris Davies, founder and director at Model Office explained. The firm said it had worked with advice suitability expert Rory Percival on the launch, and explained the system provided auto-auditing advice suitability report templates, benchmarking of content against all relevant regulations and signposting to guidance on good practice for template conten...
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