Optro and EY US Launch Joint AI Regulatory Management Offering
Optro and EY US have introduced a joint solution that combines Optro's AI powered RegComply system with EY's advisory expertise in regulatory change management, announced in a press release. The offering is designed to help organizations identify, assess, and act on regulatory changes more quickly.
The integrated service uses Optro's Horizon Scanning technology to automatically monitor and prioritize updates from more than 10,000 regulatory bodies across over 750 jurisdictions. This system reduces unnecessary regulatory data by up to 97 percent. EY US contributes advisory and implementation support, using proprietary taxonomies and regulatory data to convert requirements into actionable insights.
According to the announcement, the partnership expects to automate approximately 75 percent of traditional compliance workloads. This includes horizon scanning, gap analysis, and automated control generation. The combined approach enables organizations to streamline compliance operations by instantly ranking regulatory signals by relevance and moving directly to implementation using AI driven processes.
We hope you enjoyed this article.
Consider subscribing to one of our newsletters like Enterprise AI Brief, AI Policy Brief or Daily AI Brief.
Also, consider following us on social media:
More from: Enterprise
More from: Regulation
Subscribe to AI Policy Brief
Weekly report on AI regulations, safety standards, government policies, and compliance requirements worldwide.
Whitepaper
Governing the Future: A Strategic Framework for AI Adoption in Financial Institutions
This whitepaper explores the transformative impact of artificial intelligence on the financial industry, focusing on the governance challenges and regulatory demands faced by banks. It provides a strategic framework for AI adoption, emphasizing the importance of a unified AI approach to streamline compliance and reduce operational costs. The document offers actionable insights and expert recommendations for banks with fewer than 2,000 employees to become leaders in compliant, customer-centric AI.
Read more