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Aditya Birla Capital

“Transforming Compliance: iFIX GYAANi Work-BOT Revolutionizes Regulatory Challenges at AB Capital”

About the customers

Aditya Birla Capital Limited is a financial services company based in India. It is a part of the Aditya Birla Group, one of the largest conglomerates in the country. Aditya Birla Capital operates across various segments of the financial services industry, offering a wide range of products and services to individuals, businesses, and institutions.

Business Challenge

The audit and compliance team frequently encountered challenges in adhering to regulatory compliance within tight timelines, as dictated by multiple regulatory bulletins from various bodies. The difficulties included identifying concise summaries of the bulletins, determining required checklists, understanding necessary action items, discerning reporting requirements and deadlines, all within a short timeframe without compromising accuracy and quality of mandatory requirements. Additionally, challenges extended to establishing a centralized repository for storing such documents, providing centralized access to relevant individuals, and maintaining centralized control over all bulletins. Managing the vast amount of data and documents swiftly to derive meaningful outcomes posed another significant challenge.

Solution

Solutions include deployment of iFIX GYAANi work-BOT platform, It’s Gen AI engine auto-LEARN and associated sub modules. Solutions are currently under deployment across 19 group companies within AB Capital.

Benefits

Benefits includes faster generation of checklist action items brief summary from the regulatory bulletins, creating an access hierarchy for users through multiple levels defining document access and document upload, classifying the regulatory documents as private add public thereby maintaining specific department or specific subsidiary best regulatory requirement versus global requirements applicable to the entire company. GenAI based large language model helps interpreting the bulletin content faster and provide outcome in almost real time ensuring hey good amount of time available with the departments 2 prepare for compliance responses. It helps the audit and compliance steam for ensuring faster compliance against the regulations and helps the company following the regulatory compliance guideline on time.

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