Compliance.ai, a San Francisco, California-based provider of AI driven regulatory change management solutions, has been acquired by Kansas headquartered risk management specialist Archer. The acquisition will enable Archer to supplement its compliance line-up with cutting-edge AI technology to automate the monitoring, tracking, reporting, and response to changing regulations in real time.
Archer integrates risk and compliance management within a single platform supporting accountability, collaboration and enhanced visibility and analytics. Its solutions drive efficiency and focus across risk and compliance teams based on best practices and standardised processes, establishing a balance between risk and growth opportunities for the business. The company is owned by private equity firm Cinven, which acquired it from Clearlake Capital Group and Symphony Technology Group in July 2023.
Compliance.ai continuously monitors regulatory updates, applying a patented expert-in-the-loop (EITL) approach to machine learning (ML) and AI to analyse and enrich regulatory activities, and improve the compliance lifecycle. It automatically maps regulatory changes to internal policies, procedures, and controls, simplifying obligation management to ensure compliance coverage.
“With this acquisition, we can offer our clients the advantages of real-time updates, predictive analysis, and increased accuracy for regulatory compliance and risk management,” says Bill Diaz, CEO of Archer. “Leveraging the power of AI technology advances our strategy to empower organisations to more effectively manage their entire risk landscape.”
Kayvan Alikhani, co-founder and chief strategy officer of Compliance.ai, adds: “The benefits of our AI-powered technology and Archer’s risk and compliance management solutions are a winning combination for compliance, risk and legal teams worldwide.”
Subscribe to our newsletter
