RegGenome launches a regulatory repository service powered by GenAI

CAMBRIDGE, England, June 4, 2024 /PRNewswire/ — RegGenome, a University of Cambridge commercial spin-out, announces the launch of an enriched regulatory data repository based on generative artificial intelligence (GenAI). This revolutionary solution leverages advanced artificial intelligence technologies to power regulatory solutions and support sustainable business operations in the face of rising costs and regulatory complexity.

The imbalance between regulatory turmoil and compliance opportunities is driving companies to invest in automation and artificial intelligence technologies to significantly streamline regulatory efforts and secure their compliance levels. To effectively manage regulatory burdens, companies must implement machine-based processes.

Accenture’s Compliance Risk Survey shows that while 93% of compliance leaders believe that new technologies such as AI are making compliance easier, 90% expect compliance costs to increase by up to 30% within next two years.

This is due to a manual, labor-intensive and time-consuming approach to regulatory workflows. Although organizations are devoting significant resources to staying abreast of regulations and managing risk, the rapid pace of regulatory change and the continued growth in business needs have compounded these challenges, making traditional approaches increasingly unsustainable. The introduction of new regulatory technologies is only as good as the data that powers them.

The solution is RegGenome’s GenAI-optimized regulatory repository service.

Using deep learning technology, Cambridgea regulatory data provider offering a jurisdiction-agnostic repository of rich, descriptive and inferential metadata, optimized for GenAI algorithms. This metadata enables AI applications and solutions to identify, validate, present and manage relevant regulations.

“Our GenAI-optimized data is essential for any company investing in modernizing data infrastructure and implementing artificial intelligence. As a data-only provider, we can facilitate the creation of a central regulatory data set that can feed multiple internal use cases. By adopting our data, organizations are well-positioned to realize the transformative potential of AI.” – Chief executive officer, Mark Johnston

Using a universal information structure to organize and standardize regulations, the RegGenome approach operationalizes the documentation of any authority, in any language, enabling efficient and accurate access to relevant regulations.

These information structures are provenance-based and anchored in regulatory standards reviewed by regulatory experts convened by the Council on University of Cambridge. This ensures that the metadata used by RegGenome is linked to the original source documents, ensuring their integrity, reliability and relevance.

GenAI-optimized RegGenome data enables organizations to build standards-based solutions that leverage core LLM. This enables GenAI’s robust solutions to manage regulatory changes, assess policy impact, retrieve specific information, respond to queries and generate document summaries. LLM’s capabilities are enhanced through search-assisted generation, ensuring more accurate, efficient and sustainable regulatory analysis.

With these advantages, organizations can perform detailed searches to quickly find only relevant regulations. Improved navigation with custom alerts allows users to find relevant documents and receive timely updates. They can also identify common regulatory responsibilities across jurisdictions and publishers, targeting regulations to teams based on relevancy.

“With flexible delivery methods, our data integrates with any existing application or tool, maintaining the continuity of ongoing business operations. We meet you where you are, and that’s the kind of freedom customers get from a data-only provider.” – Head of Product, Jonny Scurr

As AI adoption accelerates, integrating GenAI-optimized data into RegGenome is critical for companies modernizing their digital infrastructure. This foundational data set improves existing systems and prepares organizations for the changing regulatory environment.

Discover how RegGenome’s robust, high-quality data can transform your regulatory solutions and drive your organization’s digital transformation. Visit www.reg-genome.com to schedule a meeting with our team of experts.

Contact with the media:
Mary Macauley
communications manager
RegGenome
(email protected)

About RegGenome:
RegGenome is a leader in computational regulation, transforming the way the world produces and uses regulatory information. As a regulatory data provider, we process global regulations using artificial intelligence to transform human-readable data into machine-readable and machine-usable data. Our data is processed in accordance with information structures developed and verified by regulatory experts and anchored in regulatory standards in connection with University of CambridgeRegulatory Genome Project.

SOURCE RegGenome