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: Market Abuse: Trends and Issues to Watch Out for in 2023

With the FCA taking a supervisory approach to regulating firms, many regulatory interventions won’t end up in the public domain. What are they looking for and how do you ensure you stay on the right side of their supervision? Join this webinar with A-Team Group and Leaman Crellin to discover what you need to focus...

BLOG

A-Team Group Names Winners of RegTech Insight Awards – Europe 2023

Congratulations to the winners of A-Team Group’s RegTech Insight Awards – Europe 2023. The awards were presented by guest speaker Ollie Ollerton, former UK Special Forces Soldier and directing staff (DS) from Channel 4’s SAS: Who Dares Wins, following a lively lunch held at Glaziers Hall in London on 18 May 2023 and hosted by...

EVENT

RegTech Summit London

Now in its 6th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

ESG Handbook 2023

The ESG Handbook 2023 edition is the essential guide to everything you need to know about ESG and how to manage requirements if you work in financial data and technology. Download your free copy to understand: What ESG Covers: The scope and definition of ESG Regulations: The evolution of global regulations, especially in the UK...