FOR FINANCIAL INSTITUTIONS

Client

A Start-up Digital Solutions Company Specialized in Artificial Intelligent

Products & Services

• Project Integration
• Project Management
• Data Analytics

Description of Project

Client

AuditXprt – a start-up digital solutions company focusing on AI, machine learning, robotic process automation (RPA) and other 4IR technologies to transform the regulatory compliance & audit for the banking & financial sectors.

Background

Globally, banks have paid more  than $275 billion in  fines and settlements since the financial crisis. Scrutiny around compliance is rapidly increasing as regulators look to ensure that companies are putting policies and procedures in place to effectively respond to and mitigate risk.

To address this, Audit XPRT has developed an intuitive platform that uses AI and machine learning to automate auditing and compliance.

Our Role on the Project

Scope of Services

We provide support to AuditXprt on their projects delivery in Malaysia. The project involved system integration for the commercial banks in Malaysia on the compliance & audit operations. 

The AI platform is expected to reduce the compliance cost by up to 90%, while allow a full review on the compliance & audit operations.

Solutions / Outcomes Delivered

• Project Management for the system integration with the bank to ensure effective implementation
• Automated the compliance of customer onboarding & affordability & Know-Your-Customer (KYC) check
• Automate auditing operation for IFRS to reduce chance of human error