Real-time compliance monitoring and e-Discovery
The regulatory environment requires financial institutions to have a close lid on any activities between the bank and clients. Much of these interactions are text based (or text transcripts of voice conversations are available).
Squirro offers a real-time concept based compliance monitoring to help financial institutions:
1) Automatically detect issues in the course of business
2) Cut the time to prepare risk audits and reports
3) Comply with regulatory requirements
In summary the financial institutions profit from a significant cost reduction through the automation of the compliance monitoring process.