Case Study
Leverage GenAI to create and summarize compliance bulletins by regular reviews from external and internal data
- Industry: Banking
A regulatory and compliance documentation is mandatory to be made available with each product. These documentations can be different based on the region/state and have to be regularly updated based on the government guidelines uploaded on relevant sites.
A regular and automated way to execute this activity was required.
Challenge
The process of generating regional compliance and legal bulletins was unstructured, taking valuable time and resources away from other critical tasks:
- Manual process: The current process was manual requiring a SME to fetch data from the external/internal sources, summarize and create/update the bulletins
- The process was prone to errors due to the heavy manual interventions requiring additional checks and validations
- The existing bulletin refresh/creation of new bulletin required an activity to be raised for the SME
Solution
Aligned Automation leveraged its GenAI experience to scrape through the web for the updated regulations and edit/create the required compliance bulletin . Below are some of the solution highlights:
- Demand driven/ Schedule Updates: Frequency for review and updation was established based on the document type and criticality
- Automation: Automated trigger of the engine to search, review and update the documents
- Compliance bulletin creation/updation : Leveraged GenAI to create and update the compliance bulletins
- Approval workflows: Enable review of the changes that is proposed to be done in the existing documents.
- Summarization : Summary of the key legislation/regulation changes was highlighted for a focused and quick review by approvers/SMEs.
Capabilities leveraged
Application Development
LLM
Outcome
22%
Increased Efficiency
Through automated document updation/summarization
Standardized Document Generation
Automated knowledge analysis ultimately reducing manual effort
Compliance Optimization
Enable decision support for regulatory compliance tracking and management
Improved Accuracy
Generation of relevant and concise bulletins for effective communication