AuditXPRT Demo Day Presentation at Barclays Techstars Accelerator
Challenges in Regulatory Compliance and Audit
CostGlobal banks spending $270B a year to meet their regulatory compliance requirements
TimeIt can take months to manually complete compliance assurance processes.
High RiskManual compliance assurance relies on dip testing using less than 1% sample size.
Increasing Regulatory BurdenFrequent 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.
The iXPRT Platform’s flexible and scalable design enables multiple applications in the area of regulatory compliance and audit.