Case Study: Leading Global Financial Services Firm achieves improved regulatory compliance and reduced risk with CognitiveScale's AI solution

Leading Global Financial Services Firm - Customer Case Study

Leading Global Financial Services Firm, a leading global financial services company providing investment banking, securities, wealth management and investment management services, was struggling with manual and costly legacy processes to determine which internal and external rules applied to retired assets. These error-prone workflows created blind spots and increased the risk of audit gaps, compliance violations, legal issues, and potential fines. The firm turned to CognitiveScale and its AI-powered Compliance Awareness solution to improve regulatory compliance.

CognitiveScale implemented an augmented intelligence solution that uses machine learning to map retired asset metadata to enterprise concepts and applicable controls, with a human-in-the-loop “Suggest and Review” process to ensure accurate classification. The solution is self-updating as new policies come online and provides a clear audit trail, giving compliance teams better visibility across retired assets and helping reduce risk, lower exposure to fines, and cut operational costs.