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Digital Transformation for Financial Services: Cognitive Search

Squirro Cognitive Search - Boosting Company Productivity

Cognitive search is the evolution of information retrieval and enterprise search. By leveraging artificial intelligence (AI), it delivers more relevant results to the user, boosting productivity, and reducing costs. This means that there is finally a replacement for obsolete keyword-based enterprise search that relies on users knowing exactly what they are looking for and knowing the right keywords to find it.

Squirro Cognitive Search is used by SMB and large enterprise clients spanning the globe and across industries.

We are extremely proud to be presenting how Squirro has been used within the Financial Services Industry and in a regulatory environment with the Bank of England.

An Innovative Approach to Regulatory Technology with AI & Machine Learning

RegTech, regulatory technology, describes the use of IT in the context of regulatory monitoring, reporting, and compliance. The adoption of new technologies, such as AI and machine learning, is revealing RegTech as a game-changer for financial services institutions. This makes it easier and simpler to comply with ever-changing regulations, reduces manual processes, and enables efficient decision-making and problem-solving. 

As a leading financial institution, the Bank of England is already taking advantage of RegTech and executing an innovative digital transformation strategy in this area. One of the latest projects shows how Cognitive Search is delivering key benefits to the Prudential Regulatory Authority (PRA) division. 

Watch the webinar “Digital Transformation for Financial Services: Cognitive Search” to learn how the Bank of England is leveraging AI and machine learning to make a positive impact on regulatory monitoring, reporting, and compliance; and why the PRA team is adopting Cognitive Search in their daily work.

Click below to watch a short video about Cognitive Search!

Steven Grinberg
Post By Steven Grinberg January 18, 2021

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