Revolutionizing Compliance with Automation and AI

Authors- Kinil Doshi

Abstract- This article investigates the impact of automation and artificial intelligence on compliance transformation in the finance industry and beyond, Founded on the potential value acceleration achievable through the combination of artificial intelligence technology with established regulatory technologies. This paper addresses artificial intelligence’s impact on next-generation end-to-end Know Your Customer processes, cross-industry compliance development, and regulation-specific compliance documentation maintenance. The numerous real-world situations in this paper revolve around how enterprises have evolved from their traditional methodology to utilitarian compliance and artificial learning-based technologies to emphasize the potential value of artificial intelligence. As seen, this indicates that artificial intelligence is foundational nowadays in getting RegTech right.; however, other difficulties, like compliance with explicit AI certification, are required.

DOI: /10.61463/ijset.vol.11.issue5.567