CHALLENGE
In a multinational bank:
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Regulatory requirements updates (additional or more refined legislation) ask for complex manual analysis activities.
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Required resources for these analysis activities are scarce and requested for multiple change projects.
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Timelines set by the regulator are short to remain compliant for regulatory reporting.
SOLUTION
Accelerate the manual analysis activities:
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Detailed requirements determination for the AI tool.
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Technical implementation of AI tooling: AI application and SQL storage on Cloud environment (Azure), script programming in Python.
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Usage of local version of the public Large Language Model (OpenAI). Governance, process and future way of working after implementation (human in the loop).
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Training and communication to end users
IMPACT
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Faster implementation time of regulatory changes: improved compliancy.
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Less critical resources required: reduce time and costs.
