Regtech business Model Office has released a new version of its artificial intelligence (AI) chatbot to support advice and wealth management firms’ governance, risk, and compliance challenges.
The chatbot - MO 2.0 - uses open AI ChatGPT and is trained across cyber secure resources built by Model Office including the Financial Conduct Authority (FCA) handbook and other regulatory directives and resources. The new features of the updated chatbot include generative AI to deliver guidance across the FCA handbook including the Consumer Duty, tailored conversational responses including relevant URL resources based on user queries, signposting professional services that can help with global compliance and reporting (GRC) advice and guidance, a tailored version that can be adapted for...
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