Data solutions provider launches RegTech

Northern Ireland data solutions provider Automated Intelligence (AI) has launched a new RegTech platform specifically for the financial industry.

By Claire Cartmill
Tuesday, 9th February 2021, 1:00 pm
CEO of Automated Intelligence, Simon Cole, reveals hivera, a new RegTech platform specifically for the financial industry
CEO of Automated Intelligence, Simon Cole, reveals hivera, a new RegTech platform specifically for the financial industry

AI, headquartered in Belfast, has been providing data management solutions to organisations worldwide in industries such as government, media, retail and health for the past 10 years.

It is now branching out with a new sister brand, hivera, a platform for managing regulatory risk within unstructured data for the financial industry.

Financial services organisations (FSOs) are operating in an increasingly regulated environment, and risk and compliance teams within FSOs can now, for the first time ever, visualise and mitigate the regulatory risk in their entire unstructured data estate.

It’s estimated unstructured information could be as much as 80% of an organisation’s data and until now, there have been many challenges associated with discovering, analysing and managing it.

hivera enables clients to assign a tailored regulatory risk score based on the financial services firm’s risk appetite to that data and automate the identification and remediation of threats to help mitigate associated risks.

With its user-friendly reporting modules, FSOs can quickly and easily provide compliance updates within the organisation or to regulators.

In addition to significantly reducing regulatory risk and minimising human error, the new hivera platform also offers huge resource, time and cost savings through automation.

This is achieved through a number of polices which enables ongoing data compliance and remediation, such as performing deletions or archiving according to organisational retention schedules. 

Highlighting the importance of the new sister company and what it offers, Simon Cole, CEO at Automated Intelligence explained: “hivera is transforming how financial services firms view unstructured data.

“By providing greater visibility and control over their unstructured data estate, we’re improving data analysis, data privacy, data protection and the risk mitigation capabilities of our clients.”

To find out more visit hivera.ai.

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