Regtech business Model Office has launched an artificial intelligence (AI) compliance audit software to help advisers streamline client file reviews, compliance document audits and training and competence reporting.
By incorporating generative AI features and development, Monitor AI focuses on automating and streamlining business supervision audit activities. It offers aggregated business supervisory dashboards, incorporating the firm policies and procedures, integrated adviser training and competence key performance indicators (KPIs), continuing professional development, and supervisory activities to deliver real time data on firm and their regulated individuals' performance. Additionally, firms can also carry out automated advice suitability reviews, benchmarking client fact find data and produ...
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