Saifr, a compliance solutions provider that uses artificial intelligence (AI) to help financial services firms mitigate regulatory risks, won Most Innovative AI in Regulatory Compliance Initiative in A-Team Group’s Innovation Awards 2024.
“We’re proud that this award recognizes the team’s innovative spirit and drive to make an impact with our industry-leading, advanced AI solution.”
The Innovation Awards recognize innovative projects that use new and emerging technologies to deliver impactful solutions to financial organizations. Winners were reviewed and selected by FinTech executives and leaders.
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SaifrScan® helps make compliance reviews of public communications faster and more accurate by using advanced AI to highlight regulatory and brand risks in marketing content. SaifrScan’s AI (which includes rules-based, machine learning, deep learning, and NLP models) is made possible by unique access to industry-specific, expert-validated data. After surfacing risks, the AI can explain why, suggest more compliant phrasing, recommend disclosures, and provide marketing optimization metrics. SaifrScan can flag 90% of what a human would, enabling clients to submit cleaner drafts for approval and create more compliant content up to 10x faster. With SaifrScan, firms can simplify and expedite manual compliance reviews while reducing risk exposure.
“Even in the face of evolving regulations and significant penalties, compliance reviews of marketing content don’t have to be slow and painful,” said Vall Herard, CEO of Saifr. “We’re proud that this award recognizes the team’s innovative spirit and drive to make an impact with our industry-leading, advanced AI solution.”
Saifr has recently won a number of other awards, including A-Team’s RegTech Insight Award USA 2023 for Best AI Solution for Regulatory Compliance, FinTech Global’s 2024 RegTech 100, The AI Journal’s Global Excellence Award for Best Use of NLP, and FinTech Global’s 2023 FinTech 100.
Saifr, a RegTech incubated in Fidelity Labs, uses advanced artificial intelligence (AI) to simplify the complex landscape for regulatory compliance in the financial services industry. Drawing from a vast repository of expert-validated, industry-specific data, Saifr’s AI is uniquely able to help detect and correct compliance risks. Our deep-learning AI models help streamline content creation, approval, and filing processes while simultaneously mitigating regulatory, reputational, and brand risks. Our solutions save time, reduce costs, and improve accuracy, allowing professionals to navigate the regulatory intricacies more easily and confidently. In February 2024, Saifr acquired GOST from Giant Oak, an AI-powered adverse media screening and sanctions monitoring tool that helps firms identify risks across their business.
Fidelity Labs is Fidelity Investments’ in-house software business incubator. Founded in 2005, Fidelity Labs has played a critical role in driving growth and innovation for the firm. The Fidelity Labs organization has a portfolio of internal capabilities and commercial businesses, and is actively exploring concepts for future Fidelity businesses to enter new markets and better serve our customers.
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