About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Automated-Intelligence Launches Regulatory Risk Scoring with hivera

Subscribe to our newsletter

At the start of this month, data management specialist Automated-Intelligence (which provides data insight, risk identification and compliance reporting to financial services firms through its cloud-based solution, AI.DATALIFT), made headlines with the launch of its long-awaited new RegTech platform – allowing Chief Risk Officers and Heads of Compliance to visualise and mitigate the regulatory risk across their entire unstructured data estate.

According to Automated-Intelligence, an estimated 80% of all data is unstructured. And hitherto, challenges associated with discovering, analysing and managing unstructured data have created a significant barrier for compliance professionals, who are under increasing pressure from regulators to demonstrate compliance against policies and regulatory standards over all of their data.

The firm’s new RegTech platform, hivera, aims to solve this problem by indexing text-extractable content, providing users with advanced search capability to categorise personal information and commercially-sensitive data through metadata, security, keyword, phrases, and regular expression pattern matching. The solution enables clients to observe their unstructured data: assigning a tailored regulatory risk score through its dashboard based on the financial services firm’s risk appetite to that data, and automating the identification and remediation of threats to help mitigate associated risks.

It also aims to reduce regulatory risk and minimise human error by automating processes: applying pre-audited policies to categorised data, thus enabling ongoing data compliance and remediation. Policies applied against categorised data can perform deletions or archiving according to organisational retention schedules.

“hivera is transforming how financial services firms view unstructured data,” says Simon Cole, CEO at Automated Intelligence. “By providing greater visibility and control over their unstructured data estate, we’re improving data analysis, data privacy, data protection and risk mitigation capabilities of our clients.

“The financial industry is a hugely important sector for us and by launching a new and dedicated platform, we can really transform how financial services view and manage their unstructured data.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Sponsored by FundGuard: NAV Resilience Under DORA, A Year of Lessons Learned

The EU’s Digital Operational Resilience Act (DORA) came into force a year ago, and is reshaping how asset managers, asset owners and fund service providers think about operational risk. While DORA’s focus is squarely on ICT resilience and third-party dependencies, its implications extend deep into core operational processes that are critical to market integrity, investor...

BLOG

SEC and CFTC Recalibrate Private Fund Reporting for Systemic Risk Oversight

The SEC and CFTC have proposed a substantial reset of Form PF, raising reporting thresholds and streamlining requirements for private fund advisers while preserving supervisory access to data on the largest and most systemically relevant managers. The proposed rule would lift the general filing threshold from $150 million to $1 billion in private fund assets...

EVENT

TEST Event page 1

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Regulatory Data Handbook 2024 – Twelfth Edition

Welcome to the twelfth edition of A-Team Group’s Regulatory Data Handbook, a unique and useful guide to capital markets regulation, regulatory change and the data and data management requirements of compliance. The handbook covers regulation in Europe, the UK, US and Asia-Pacific. This edition of the handbook includes a detailed review of acts, plans and...