Case Study: an Australian financial services firm reduces non-compliance risk with InMoment

a Australian Financial Firm reduces non-compliance risk across hundreds of SoAs each week with InMoment

An Australian financial firm faced significant non-compliance risk due to government mandates requiring specific disclosures in their Statements of Advice. Manually reviewing hundreds of pages of these documents each week was costly and unreliable. The firm turned to vendor InMoment for a solution, as it could not find an existing contract analysis tool to solve this specific problem.

InMoment implemented a semi-custom application using its semi-structured data parser with machine learning and a custom natural language processing configuration. The solution automatically extracted and analyzed key text elements from the documents, structuring the data into a simple spreadsheet for auditors. This allowed the Australian financial firm's auditors to see at a glance whether proper disclosures were made across hundreds of documents, drastically reducing non-compliance risk and improving the efficiency of their audit process.