AI Compliance

AI is becoming a powerful tool in various industries, but in the compliance and risk management sector, the stakes are high. Decisions here impact not just operations but also legal standing and reputation.

At spektr, we believe that AI should assist, not replace, human judgment. That’s why we’ve designed spektrAI to work under your guidance, where you determine how and where AI fits into your compliance processes.

How spektrAI Supports Your Compliance Work

In compliance, every detail counts and decisions are critical. spektrAI is built to assist with the repetitive and complex tasks that often take up too much time, allowing you to focus on what truly requires your expertise. What sets spektrAI apart is its flexibility—you decide how and where AI fits into your daily tasks, ensuring it works for you, not the other way around.

Here’s how spektrAI can make your job easier:

• Your control, your way: You choose when and how spektrAI steps in. For tasks that are straightforward, you might let it handle things automatically. For more sensitive areas, like sanctions checks, you remain fully in charge, with spektrAI providing assistance as needed.
• Context-aware actions: spektrAI doesn’t just follow generic rules; it adapts to the specific requirements of each process. You can fine-tune its actions based on the context, ensuring that its support aligns with your compliance strategy.
• Comprehensive integration: spektrAI works within your existing compliance processes, enhancing them without disrupting your workflow. It’s an addition to your toolkit that’s designed to complement your expertise, not replace it.

Using spektrAI for Adverse Media Monitoring

Let’s take a closer look at how spektrAI can help with one of the more challenging aspects of compliance: adverse media monitoring.

Imagine you’re responsible for assessing a corporate client, LLC Nestle Russia, for potential risks. Your initial search results in a flood of media hits, covering everything from financial news to serious allegations like money laundering. Without help, sorting through this information to identify what’s relevant would be overwhelming and prone to error.

Here’s how spektrAI can assist:

1. Cutting through the noise: spektrAI quickly filters out irrelevant media mentions, focusing your attention on the articles that matter.
2. Understanding the details: It reads through the relevant articles, sorting out the important details from the noise, ensuring that only critical information is flagged for your review.
3. Clear summaries: spektrAI organizes and summarizes the findings, making it easier for you to make informed decisions without wading through every piece of content yourself.
4. Backed by reasoning: Each suggestion or action spektrAI makes is supported by clear reasoning, so you know why something was flagged or dismissed, allowing you to confidently make the final call.

This approach saves time and reduces the risk of overlooking crucial information, while still keeping you in control of the decision-making process.

While adverse media monitoring is a crucial area, spektrAI’s capabilities extend to other important aspects of compliance. It also assists in managing the complexities of global sanctions screening, helping ensure that nothing is overlooked.

Additionally, spektrAI is effective in identifying and assessing Politically Exposed Persons (PEPs), reducing the risk of exposure to potential compliance issues. By integrating these functions, spektrAI provides comprehensive support across various compliance needs, all while keeping you in control.