Complyport, a prominent player in RegTech solutions under the ComplyMAP Group, has unveiled ViCA.Chat, a state-of-the-art Virtual Compliance Assistant enhanced by AI technology.
For over twenty years, Complyport has led the way in regulatory compliance consulting and now continues this tradition by launching ViCA.Chat to revolutionize compliance support services.
This innovative tool is designed to offer instantaneous assistance with UK and EU regulatory frameworks, aiming to boost the accuracy and efficiency of compliance operations. ViCA.Chat merges sophisticated AI with the seasoned insights of compliance experts to deliver precise and practical compliance guidance tailored for financial institutions, law firms, and regulatory bodies.
What sets ViCA.Chat apart is its integration of specially tailored databases and AI training tools, enriched by Complyport’s deep regulatory expertise. This equips ViCA to function comparably to an expert compliance consultant, constantly updated with the latest regulatory data.
ViCA.Chat features advanced data scraping capabilities that gather relevant information from various online sources, furnishing users with a thorough and current understanding of compliance obligations. Its specialized regulatory database provides exclusive insights and proprietary analyses, typically beyond the reach of standard resources.
The tool proves especially advantageous for dynamic FinTech startups and established companies, effortlessly adjusting to varied compliance demands. Its user-friendly interface simplifies the navigation of complex regulatory landscapes, enhancing compliance workflows.
Luis Parra, Managing Director of ViCA, highlighted the revolutionary nature of ViCA.Chat, stating, “ViCA is a game-changer in the future of regulatory compliance advice. It democratizes access to compliance insights, reducing firms’ dependency on traditional advisors and consultants. ViCA not only ensures that financial systems meet regulatory standards but helps them exceed these standards, benefiting the public in their interactions with the financial sector.”
Furthermore, ViCA introduces an economical model that minimizes the need for costly external consultations, thereby offering a significant value proposition for businesses aiming to optimize their compliance strategies.
Source: fintech.global
