Parameta Solutions, the data arm of TP ICAP, operates in a highly regulated industry. Historically, their compliance team spent countless hours manually reviewing methodologies against regulations, a tedious and time-consuming process. To address this challenge, Parameta Solutions partnered with AWS to develop a streamlined, AI-powered solution. Their Parameta Regulator Tool now allows them to easily upload methodologies and regulations, which are then processed by Amazon Textract to extract key information. A custom workflow, powered by AWS Step Functions, then uses Amazon Bedrock to compare the documents and provide recommendations on whether the methodology meets regulatory requirements. The adoption of generative...
Monday Bagel: Legal Tech & AI Insights 10month