Risk and compliance management have traditionally been fields that've proven significantly vulnerable to human errors. For some industries, however, risk management is a critical process with a necessarily highly rigid workflow to ensure that errors or oversights are minimized as much as possible. Increasingly, the workflow processes dictated by risk management are being enhanced by non-human artificial intelligence (AI), which can help speed up what is ordinarily a time-consuming process that mandates a great deal of research.
AI-powered risk and compliance company 4CRisk.ai recently announced a new product: Ask ARIA Co-Pilot. The solution is an intuitive, accurate, and conversational AI for first, second and third-line professionals who engage in risk and compliance management. 4CRisk.ai uses language models trained on risk, compliance and regulatory corpora with an informational retrieval component based on role-based access controls to create a safe, reliable, closed-domain conversational AI tool.
In the announcement, 4CRisk.ai noted that its Ask ARIA Co-Pilot provides up-to-date, contextually relevant answers to complex queries covering enterprise information: compliance artifacts, policy, procedures, contracts, standards and controls by analyzing an organization’s documents and obligations to answer day-to-day business questions – saving up to 90 percent of time and effort spent on questions that require research or clarification.
First-line business operations, second-line compliance and risk professionals, risk analysts, policy owners and authors (among many others) can use Ask ARIA Co-Pilot to refer to documents such as policies and procedures based on enterprise obligations and standards. The solution provides an intuitive, easy-to-use interface for retrieving information to serve customers, partners and colleagues. By automating responses to common inquiries, team members can focus on more strategic tasks and complex problem-solving, helping organizations improve and grow.?
“Ask ARIA Co-Pilot envisions a future where every organization operates with an intelligent communication infrastructure, empowering employees of all levels with instant access to information, streamlining workflows, and providing data-driven insights for continuous improvement,” said Shwetha Shantharam, Senior Director of Product Management at 4CRisk.ai. “Ask ARIA Co-Pilot emphasizes the transformative potential of conversational AI, not just as a tool for information retrieval, but as a platform that fosters a culture of learning, efficiency, and data-driven decision-making within organizations.”
Edited by
Alex Passett
