The team at Tel Aviv-based Shield, an established Regtech firm, reveals that they’re introducing their powerful Alert Transparency capabilities, bringing “unmatched” understanding to compliance alerts and triggers via AI, Natural Language Processing (NLP), and various other backend technologies.
As regulatory authorities throughout the world aim to define and understand AI’s growing role within financial institutions and AI-powered Fintech companies struggle to provide “true” transparency due to their proprietary “black box” solutions, Alert Transparency offers key insights into “why an alert was triggered so financial organizations can detect possible market manipulations, which has been particularly prevalent in today’s new hybrid work from home environment.”
The announcement also mentioned:
“With the already proven ability to automate surveillance through its award-winning artificial intelligence platform, Shield’s Alert Transparency provides compliance teams with an in-depth analysis and understanding of communication triggers, including the scenario, the rule that was compromised, and an overall relevancy score.”
Since regulatory guidelines and related procedures tend to vary based on the specific financial organization, as well as how and where they do business, compliance officers are able “to customize what triggers an alert to the specific needs of their company,” the announcement from Shield noted.
A complete Workplace Intelligence platform, Shield’s Alert Transparency is able “to pinpoint various risks across communication channels, including insider trading, spoofing, front-running, and even sexual harassment and racism,” the update from Shield explained.
Nicole Aviv, Head of Product at Shield, stated:
“Now, more than ever before, there is an immense need to address compliance across all communication channels, especially given the new workplace environment where many are working from home in some sort of hybrid model.”
“AI is not going anywhere as its potential value to financial organizations is too great to halt adoption, but it does require a level of human oversight that will be crucial to ensure it meets regulatory standards. As organizations seek out AI-driven fintech solutions that simplify daily workflows and processes, Shield is well-positioned to offer a transparent and reliable solution that can eliminate dangerous market manipulations.”
As the UK’s Financial Conduct Authority (FCA), among other regulatory authorities, work to address and eliminate market abuse, Shield’s AI platform offers companies or organizations with an “easy to implement” and “intuitive” solution “to maintain market integrity which is particularly crucial in today’s digital climate, as most banking and financial transactions are conducted online and many employees at financial institutions are working remotely.”