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

Upcoming Webinar: ESG: A Growth Opportunity and a Regulatory Challenge

Date: 16 May 2023 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes ESG investing, regulation and compliance are central concerns for financial institutions, although not all jurisdictions are equal. In the US, ESG has become a partisan issue making SEC regulation uncertain; the EU is on good form and has already...

BLOG

Arbuthnot Latham Taps Clausematch to Digitise Compliance Framework

Private bank Arbuthnot Latham is adopting Clausematch’s policy management platform to automate and streamline its compliance processes. The initiative aims to digitise Arbuthnot’s policy and compliance framework. According to Clausematch, Arbuthnot will use its proprietary policy management solution to reduce the time and risk of policy maintenance by giving compliance teams a centralised platform for...

EVENT

FinCrime Tech Briefing, New York

RegTech Insight (from A-Team Group) is proud to announce the launch of its FinCrime Tech Briefing taking place in both London and New York this summer and focusing on RegTech for AML and Financial Crime Compliance.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...