IT services provider, Adesso, is rolling out a new GenAI tool designed to help insurers and banks comply with the European Union's Digital Operational Resilience Act, or DORA Directive.
The Adesso Compl.AI tool uses GenAI to conduct a fast, automated gap analysis of contracts and documents to review compliance with all DORA requirements. The tool also defines whether the requirements have been fully, partially, or not fulfilled, including source and page references.
Libero Raspa, director at Adesso UK said: “Financial services firms are facing ever greater regulatory scrutiny, with many struggling to prepare for directives such as DORA. The reality is that many businesses lack the necessary technical and human resources to ensure they remain fully compliant with extensive contracts.
“It’s exciting to introduce Compl.AI to the UK market as it represents a concrete example of how generative AI benefits businesses. The main benefits of this solution are saving time and money, releasing internal staff from mundane tasks, preventing human errors and achieving compliance ahead of the January 2025 deadline.”
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