Proprietary compliance methodology from a decade's experience
Fimantic is built for the financial compliance back-office environment. Its purpose is to map rules and regulations to a business' processes and activities through machine learning. It collects regulations from various sources on the web and structures them into a complete view, starting from the Eur-Lex European Legislation Identifier, which makes all EU regulations available in a machine-readable way.
The application asks questions to understand a business and is able to run through the logic of regulations in relation to the answers provided in order to find proof of compliance. Please note, this was in 2018-19, before LLMs were commonplace.
Increased regulatory pressure created more compliance gaps. The sheer number of regulations that the financial service industry is responsible for tracking is huge.
