KPMG Regtech Assistant

Regtech Assistant Brochure

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It establishes a standard compliance label system and unifies internal and external regulation databases for the banking industry using successful experience in serving major banks. It also combines OCR and NLP to understand and interpret regulatory requirements, and parses regulation documents into regulatory rules which are then labelled and mapped. The labels help banks arrange compliance activities for different business lines during much more digitised and agile end-to-end compliance management.

产品特点

Compliance intelligence tracking and interpretation

KPMG also provides professional knowledge libraries of laws and regulations and offers data subscription services to financial institutions to provide them with regulatory intelligence and help them keep abreast with external regulatory trends on an ongoing basis, thereby enabling their compliance departments to take compliance management actions based on regulatory changes.

Intelligent analysis and labelling of regulations

Equipped with China’s first intelligent legal text recognition technique, this solution can automatically identify legal text from a massive amount of legal and regulatory contents, and utilise its multi-label classification engine to carry out real-time and intelligent label recommendation. The labelling tool helps present regulatory rules in a structured manner and highlight the compliance focal points for compliance and business personnel.

Compliance labelling system and its application

Based on the compliance labelling system, it can quickly classify regulatory rules to enable business personnel to understand the key areas subject to new regulatory requirements. In this way, it facilitate information retrieval and query. Based on labelled regulatory rules, it can visualise the correlation between internal rules and external regulations based on algorithms.

应用场景

Collection and interpretation of regulations

It can improve regulatory databases, including regulatory rules and penalties, and extract regulatory rules and key compliance-related information based on financial institutions’ actual business activities and needs. Through the labelling system, regulatory documents are connected to empower the compliance function.

Traceability of compliance activities

In conducting business, the departments of a bank need to connect business activities with specific compliance requirements as long as compliance data have been collected and classified and are ready for use. A labelling system aligned with compliance management is created based on financial institutions’ actual business activities and compliance management requirements. Machine learning and retraining are leveraged in combination to intelligently label and map new legal texts, and support confirmation of labelling results and adjustments to the labelling system.

Compliance reporting

Compliance tests are developed for different business scenarios, and monitoring reports are exported, based on financial institutions’ actual business activities and compliance management requirements. Comprehensive document retrieval is enabled through the intelligent retrieval function to improve efficiency. On the basis of existing compliance monitoring activities, external and internal factors are comprehensively considered to supplement and optimise compliance monitoring indicators. These are mapped to compliance risk assessment indicators as a preparation for connected compliance management functions.

成功案例

With this AI-powered Regtech tool, we helped a leading Chinese bank achieve smarter compliance management overseas. By structuring and labelling regulatory rules, internal policies, regulatory penalties, and other elements of compliance management, we enabled the bank to establish links between compliance management activities and improve traceability, so as to reduce its compliance cost and ensure overseas compliance.

KPMG has established a label system based on our delicate interpretation of the compliance policies concerning the financial sector, and developed a natural language processing (NLP) model to automatically label internal and external regulations and provisions, helping compliance departments search for and check compliance data for vulnerabilities in a timely manner and optimise compliance management processes.

Leveraging our team of legal compliance professionals and artificial intelligence (AI) technologies, KPMG has assisted leading information service providers in optimising their data solutions and achieving financial compliance. By sifting through huge amounts of data, we can accurately identify core laws and regulations that are relevant to regulatory compliance, and we can establish an AI model to automatically screen, analyse and annotate laws and regulations. These tools comprehensively improve the professional level of data-driven financial compliance products and provide powerful support to compliance officers, enabling them to make accurate decisions and raise efficiency.