Clausematch, a software-as-a-service provider for smart document management, has teamed up with Aberdeen Standard Investments (ASI) in Singapore to develop a buy-side solution for the asset management industry under a Digital Accelerator Program run by the Investment Management Association of Singapore (IMAS).
The AI and machine-learning-enabled platform developed by Clausematch enabled ASI to test a faster process to confirm ownership and responsibility for policy changes, improved centralization of governance, and oversight of policies and procedures.
“Working closely with the team at ASI for the IMAS DAP has been a rewarding experience for all involved. This was the first time we’ve collaborated with an investment management firm, and we quickly saw how the platform could help ASI solve some of its compliance and AML challenges,” says Arathi Arul, Business Development VP for APAC at ClauseMatch. “The project was a real validation of ClauseMatch’s flexibility: we were able to quickly adapt to the needs of the buy-side and see huge potential in helping other firms in the sector overcome similar obstacles.”
“We are constantly seeking ways to innovate and improve our business, and compliance is a key area where we seek the benefits of new technology,” adds Richard Green, Head of Client Technology Solutions, Asia at ASI. “Our work with ClauseMatch has proved invaluable: not least to broaden our understanding of the possibilities of a well-conceived artificial intelligence tool, as well as smarter approaches to more integrated workflows.”