Archer, an Overland Park, KS-based company providing an integrated risk management solution, acquired Compliance.ai, a provider of artificial intelligence (AI)-driven regulatory change management solutions.
The amount of the deal was not disclosed.
This acquisition will enable Archer clients to supplement their compliance initiatives with AI technology to automate monitoring, tracking, reporting, and responding to continually changing regulations in real time.
Compliance.ai monitors regulatory updates, applying a patented EITL approach to machine learning and AI to analyze and enrich regulatory activities, thereby improving the compliance lifecycle. It works by automatically mapping regulatory changes to internal policies, procedures, and controls, simplifying obligation management to ensure comprehensive compliance coverage.
Led by CEO Bill Diaz, Archer specializes in risk management solutions dedicated to helping organizations manage risk, ensure compliance, and meet emerging challenges such as ESG and operational resilience.
FinSMEs
21/02/2024