Saifr® Wins Most Innovative AI in Regulatory Compliance Initiative
30 Abril 2024 - 7:30AM
Business Wire
Saifr Recognized in A-Team Group’s Innovation
Awards 2024
Saifr®, a compliance solutions provider that uses artificial
intelligence (AI) to help financial services firms mitigate
regulatory risks, won Most Innovative AI in Regulatory Compliance
Initiative in A-Team Group’s Innovation Awards 2024.
The Innovation Awards recognize innovative projects that use new
and emerging technologies to deliver impactful solutions to
financial organizations. Winners were reviewed and selected by
FinTech executives and leaders.
SaifrScan® helps make compliance reviews of public
communications faster and more accurate by using advanced AI to
highlight regulatory and brand risks in marketing content.
SaifrScan’s AI (which includes rules-based, machine learning, deep
learning, and NLP models) is made possible by unique access to
industry-specific, expert-validated data. After surfacing risks,
the AI can explain why, suggest more compliant phrasing, recommend
disclosures, and provide marketing optimization metrics. SaifrScan
can flag 90% of what a human would, enabling clients to submit
cleaner drafts for approval and create more compliant content up to
10x faster. With SaifrScan, firms can simplify and expedite manual
compliance reviews while reducing risk exposure.
“Even in the face of evolving regulations and significant
penalties, compliance reviews of marketing content don’t have to be
slow and painful,” said Vall Herard, CEO of Saifr. “We’re proud
that this award recognizes the team’s innovative spirit and drive
to make an impact with our industry-leading, advanced AI
solution.”
Saifr has recently won a number of other awards, including
A-Team’s RegTech Insight Award USA 2023 for Best AI Solution for
Regulatory Compliance, FinTech Global's 2024 RegTech 100, The AI
Journal’s Global Excellence Award for Best Use of NLP, and FinTech
Global's 2023 FinTech 100.
About Saifr
Saifr, a RegTech incubated in Fidelity Labs, uses advanced
artificial intelligence (AI) to simplify the complex landscape for
regulatory compliance in the financial services industry. Drawing
from a vast repository of expert-validated, industry-specific data,
Saifr’s AI is uniquely able to help detect and correct compliance
risks. Our deep-learning AI models help streamline content
creation, approval, and filing processes while simultaneously
mitigating regulatory, reputational, and brand risks. Our solutions
save time, reduce costs, and improve accuracy, allowing
professionals to navigate the regulatory intricacies more easily
and confidently. In February 2024, Saifr acquired GOST from Giant
Oak, an AI-powered adverse media screening and sanctions monitoring
tool that helps firms identify risks across their business.
Learn more at https://saifr.ai and follow us on LinkedIn®.
About Fidelity Labs
Fidelity Labs is Fidelity Investments' in-house software
business incubator. Founded in 2005, Fidelity Labs has played a
critical role in driving growth and innovation for the firm. The
Fidelity Labs organization has a portfolio of internal capabilities
and commercial businesses, and is actively exploring concepts for
future Fidelity businesses to enter new markets and better serve
our customers. Learn more at https://labs.fidelity.com.
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