Our client was under significant time pressure from its own Risk & Compliance Committee, and it needed extra support. Thanks to our blend of regulatory and technology-focused subject matter specialists, we designed a bespoke automated solution to help them tackle the workload.
We agreed on a consistent file type and scanned all paper files to a SharePoint site hosted by the client. Taking a flexible approach, we worked with our client to agree the rules for determining which files were in-scope and which could be safely closed. We ran an initial pilot over two weeks, further refining the rules until both we and our client were happy.
We then used our innovative RegTech solution which automates traditionally manually intensive tasks and processes to significantly reduce the time it took to review a file. We rattled through an impressive 5,000 case reviews in four days, while maintaining an accuracy level of 97%.