TLDR: Apiax has launched an AI Policy Assistant designed to transform compliance in the FinTech industry. The solution uses Generative AI technology to provide instant, accurate responses to policy-related queries, integrating seamlessly with Apiax’s existing rule-based technology. The company specializes in embedded compliance solutions, ensuring that regulatory adherence is seamlessly integrated into digital financial services.
Swiss tech firm Apiax has unveiled an AI-powered compliance tool that allows financial institutions to access up-to-date regulatory information to assist in decision-making processes. The AI Policy Assistant has been launched as part of a compliance workbench embedded within existing platforms. The tool is built on Microsoft’s Azure OpenAI service, and provides “precise, and verified responses to policy-related queries,” according to Apiax. “The solution doesn’t compromise on control and transparency” said Nicolas Blanchard, Chief Product Officer.
