Use Cases

The Challenge

A mid-sized regional bank with operations across Australia was struggling to keep pace with frequent APRA prudential standard updates. Their compliance team was spending over 200 hours per month manually reviewing regulatory changes and updating internal policies. During a routine audit, they discovered critical gaps in their implementation of CPS 234 (Information Security) and CPS 220 (Risk Management), putting them at risk of regulatory penalties.

The Solution

RiskSafeAI implemented its Horizon Scanning and Compliance Gaps modules to automatically monitor APRA regulatory updates and compare them against the bank's existing policy framework. Within 48 hours of deployment, the platform identified 47 compliance gaps across their risk management and information security policies.

• Automated monitoring of APRA regulatory updates 24/7
• AI-powered gap analysis comparing new standards against existing policies
• Prioritized remediation recommendations with source clause citations

The Challenge

A fast-growing fintech startup preparing for their ASIC license application discovered that ASIC Regulatory Guide 271 (RG 271) had been updated with new requirements for internal dispute resolution (IDR) procedures. With a small compliance team of just 2 people and limited budget, they needed to quickly understand the new obligations and update their policies before their license application deadline. Manual review would have taken weeks and risked missing critical requirements.

The Solution

RiskSafeAI's Obligations Extraction and AI Search modules processed the updated RG 271 document in minutes, extracting all 23 new obligations and mapping them to the fintech's existing dispute resolution framework. The platform's AI Search feature enabled the compliance team to quickly query specific requirements and get auditable answers with source citations.

• Automated extraction of 23 obligations from RG 271 update
• Natural language queries to understand specific requirements
• Automated gap analysis against existing IDR procedures

The Challenge

A Singapore-based wealth management firm managing over $2 billion in assets was facing increasing complexity with MAS (Monetary Authority of Singapore) regulations. The firm needed to comply with multiple regulatory frameworks including the Securities and Futures Act, Financial Advisers Act, and new anti-money laundering (AML) requirements. Their manual compliance processes were error-prone and couldn't keep up with the rapid pace of regulatory changes, leading to potential compliance risks and operational inefficiencies.

The Solution

RiskSafeAI deployed its comprehensive compliance platform to monitor MAS regulatory updates across all relevant frameworks. The platform's Obligations Extraction module processed hundreds of pages of MAS guidelines, creating a centralized obligations register. The Compliance Gaps module then compared these obligations against the firm's existing policies and procedures, identifying areas requiring updates.

• 24/7 monitoring of MAS regulatory updates across multiple frameworks
• Automated extraction and structuring of obligations from MAS guidelines
• Cross-framework gap analysis identifying compliance overlaps and gaps

The Challenge

An Australian neobank with a rapidly growing customer base was struggling to maintain compliance with AUSTRAC's Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Act requirements. As they scaled from 10,000 to 100,000 customers, their manual transaction monitoring and suspicious matter reporting processes became unsustainable. They faced the risk of failing AUSTRAC compliance audits and potential significant penalties. The compliance team needed to implement robust AML/CTF procedures while maintaining their agile, digital-first approach.

The Solution

RiskSafeAI integrated its Horizon Scanning and Product Assessments modules to continuously monitor AUSTRAC guidance updates and assess the compliance impact of new product features. The platform's AI Search capability enabled the compliance team to quickly reference specific AML/CTF requirements when building new features or responding to regulatory queries. The automated obligations register ensured all AUSTRAC requirements were tracked and mapped to internal procedures.

• Real-time monitoring of AUSTRAC regulatory updates and guidance
• Pre-launch compliance assessment for new product features
• Centralized AML/CTF obligations register with version control