They developed a use case that focuses on compliance, efficiency and innovation, which was deployed to encourage better stakeholder engagement, reduce manual processes and ensure regulatory compliance.
ClauseMatch has collaborated with Aberdeen Standard Investments (ASI) in Singapore to pilot a solution for the asset management industry under a fintech accelerator and mentorship programe, the firms announced in a statement on Wednesday.
ASI used ClauseMatch's AI and machine-learning-enabled platform to test a faster process to confirm ownership and responsibility for policy changes, improved centralization of governance, and oversight of policies and procedures, the statement said.
The firms were brought together under the Digital Accelerator Program (DAP) run by the Investment Management Association of Singapore (IMAS).
Validation of Platform
«The project was a real validation of ClauseMatch’s flexibility. We were able to quickly adapt to the needs of the buy-side and see huge potential in helping other firms in the sector overcome similar obstacles.» Arathi Arul, VP APAC business development, ClauseMatch, said.
Richard Green, ASI head of client technology solutions, Asia, said the collaboration broadened the firm's understanding of the possibilities of a well-conceived artificial intelligence tool, and smarter approaches to more integrated workflows.
