AI Based Regulations Monitoring For A Big 4 Consulting Firm

About the Client

The client is one of the big 4 managing consulting firm in the world and the project was done for their Risk and Compliance practice

Business Requirement

  • Monitor 200 US Federal Reserve and OCC websites daily to identify regulation changes impacting CCAR reporting
  • Track and report these changes based on the desired report frequency
  • Reduction in manual errors and SME dependency

Our Solution

  • Automated document monitoring using highly configurable Python engine.
  • Engine scans all given websites, provides notification of the regulations which have undergone a change and downloads them.
  • Report on what has been changed is generated.
  • Technologies used: Python.

Process Flow

Business Outcomes

  • Timely and accurate data
  • 30% Reduction in manual errors after automation
  • No dependency on the SME
  • Time spent on SME reduced by 60% after automation