AuditXPRT Demo Day Presentation at Barclays Techstars Accelerator


Challenges in Regulatory Compliance and Audit

Cost
Global banks spending $270B a year to meet their regulatory compliance requirements
Time
It can take months to manually complete compliance assurance processes.
High Risk
Manual compliance assurance relies on dip testing using less than 1% sample size.
Increasing Regulatory Burden
Frequent changes to compliance regulations require additional investment in time and resources.

Our Solution: iXPRT Platform

The iXPRT Platform uses cutting edge Artificial Intelligence technologies to produce a simple, intuitive and powerful automated Compliance & Audit tool. The result is:

  • Up to a 90% reduction in the cost of compliance assurance.
  • Up to 90% reduction in the time
  • An accuracy rating of 90% and above.
  • Processing of 100% data population – no dip testing/sampling required
  • Superior insights in decision making using advanced analytics.

Applications

The iXPRT Platform’s flexible and scalable design enables multiple applications in the area of regulatory compliance and audit.

Know Your Customer (KYC)

Save time, cost and reduce risk by automating your KYC processes for AML/CTF using our unique Artificial Intelligence solution.

Compliance Assurance

Automate your compliance assurance process using AuditXPRT platform to save time, reduce cost and overcome risk by testing 100% of your customer population.

Audit

Reduce the time required to complete IFRS Audit Disclosure Checklist process from 5 hours to few minutes using our Artificial Intelligence (AI) solution.

AuditXPRT are delighted to welcome Barclays Plc and TechStars Inc as investors in our company. We are looking forward to working with them to use our unique iXPRT platform to automate auditing and compliance. Read More
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