Introducing RIG MAPS - Mapping AI for Policy and Standards
Introducing FinregE’s groundbreaking Mapping AI for Policy and Standards (RIG MAPS).
This innovative solution harnesses the power of artificial intelligence to seamlessly connects evolving regulations to your internal policies and controls, delivering real-time compliance insights. Our intelligent system not only identifies where you meet regulatory requirements but also pinpoints compliance gaps, offering tailored recommendations to close them.
Experience the power of AI-driven regulatory mapping and transform your compliance strategy with RIG MAPS.
How RIG MAPS works
Regulatory Intelligence Ingestion
- RIG MAPS integrates FinregE’s Horizon Scanning and Digital Rulebooks regulatory database with your internal policies, procedures and controls.
- This integration ensures all regulatory texts and internal policies are ingested, processed, and categorized efficiently.
Policy and Control Analysis
- Simultaneously, the system analyses your organization’s internal policies and controls, understanding their structure, content, and purpose.
- The analysis extends to evaluating the effectiveness of existing controls, identifying potential weaknesses, and suggesting improvements based on industry best practices.
- The system also considers the organization’s risk appetite and business model, ensuring that policy recommendations are tailored to the specific needs and context of the company.
Intelligent Regulatory Alignment
- RIG MAPS leverages FinregE’s proprietary AI and NLP models to extract regulatory requirements and create precise linkages between regulatory text and your organization’s internal policies and controls.
- Our intelligent mapping clearly identifies which policies and controls within your governance, risk, and compliance framework are subject to regulatory review. This highlights specific business functions and ownership, pinpointing exactly where actions are needed.
- The dynamic mapping process of RIG MAPS continually evolves, automatically adapting to regulatory changes and newly implemented policies. This ensures your compliance strategy remains current and effective in real-time.
Intelligent Gap Analysis and Control Enhancement
- RIG MAPS meticulously compares your current practices against regulatory expectations and internal risk profiles. Our AI precisely identifies where existing policies, processes, and governance controls diverge from regulatory obligations and expectations.
- Leveraging advanced AI, RIG MAPS goes beyond gap detection. It generates tailored suggestions for enhancing your existing controls to meet regulatory requirements, providing actionable insights to strengthen your compliance posture.
- This proactive analysis enables you to maintain a dynamic compliance framework that swiftly adapts to evolving regulatory landscapes.
Benefits of Using FinregE’s AI and ML for Policy Mapping
Drastically reduce the time required for regulatory mapping and gap analysis.
Cost Reduction
Minimize the need for extensive manual compliance work, lowering operational costs.
Accuracy Enhancement
AI-driven mapping significantly reduces human error in compliance processes.
Real-time Compliance
Continuously updates mappings as regulations change, ensuring ongoing compliance.
Comprehensive Coverage
Captures and maps all relevant regulations, reducing the risk of overlooking critical requirements.
Proactive Gap Identification
Quickly pinpoints areas where policies and controls may fall short of regulatory expectations.
Tailored Recommendations
Provides AI-generated suggestions for enhancing policies and controls to meet regulatory requirements.
Risk Mitigation
Helps prevent compliance breaches by identifying and addressing gaps proactively.
Improved Decision Making
Offers data-driven insights for compliance strategy and resource allocation.
Streamlined Audits
Facilitates easier and more efficient regulatory audits with clear mapping and gap analysis.
Resource Optimization
Allows compliance professionals to focus on strategic tasks rather than manual mapping.
Consistency
Ensures uniform interpretation and application of regulations across the organization.
Scalability
Easily adapts to increasing volumes of regulations and policies as your organization grows.
Enhanced Reporting
Generates detailed compliance reports at the click of a button.
Cross-departmental Alignment
Improves coordination between legal, compliance, and operations teams.
Competitive Advantage
Enables faster adaptation to regulatory changes, potentially outpacing competitors.
Knowledge Retention
Captures and preserves compliance knowledge within the system, reducing dependency on individual experts.
Simplified Onboarding
Helps new compliance team members quickly understand regulatory mappings and gaps.
Global Compliance Management
Effectively handles complex, multi-jurisdictional regulatory requirements.
Future-proofing
Prepares your organization for increasingly complex regulatory environments.
Data-Driven Compliance
Enables analytics-based insights into your compliance posture and trends.
Audit Trail
Provides a clear, documented path of compliance efforts for internal and external auditors.
Customization
Adapts to your organization’s specific regulatory environment and internal structure.
Confidence in Compliance
Offers peace of mind through comprehensive, AI-driven regulatory coverage and gap analysis.
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