4CRisk.ai Named Banking Tech Awards Finalist in the Tech of the Future: Risk and Compliance category for their AI-powered Compliance Map product

FinTech Futures Banking Tech Awards recognizes outstanding achievements and successes in the banking and fintech industry across the United States. 4CRisk.ai has been named a finalist in the Tech of the Future: Risk and Compliance category for their AI-powered Compliance Map product. Winners will be announced on May 28, 2024, at the FinTech Future Gala event in New Your City.

4CRisk.ai was established in 2020 to bring products leveraging advanced AI techniques to organizations worldwide that have a critical need to connect regulatory and business data. 4CRisk products help organizations gain efficiency and agility, reshaping how they approach security, privacy, compliance and risk management. Customers experience benefits levels of magnitude greater with 4CRisk products, delivering results up to 50 times faster than current manual methods.

Unlike other AI tools that rely on generic language models in the public domain, 4CRisk’s new generation of AI technologies uses an ensemble of smaller language models specifically trained for the regulatory domain to automate manual and effort-intensive tasks of front-line and second-line professionals.

Compliance Map, the product named finalist, allows compliance professionals to assess the design efficacy of their compliance program by comparing their external obligations to their internal control environment by matching rulebooks (regulations, rules, and laws) to applicable governance artifacts (policies, procedures, contracts and controls).

Supradeep Appikonda, Co-Founder and COO, of 4CRisk.ai, added “Our Compliance Map product allows organizations to establish comprehensive and continuous linkages between external requirements and the internal control framework to create traceability at granular levels. We are delighted to be named a Finalist in the Banking Tech of the Future: Risk and Compliance category".

“We are thrilled to be named a Finalist for the coveted Banking Tech Award”, commented Venky Yerrapotu, CEO and Co-Founder, of 4CRisk.ai. “AI is becoming an imperative for organizations to stay compliant and keep pace with regulations and standards. Without AI-powered compliance, it’s not sustainable. 4CRisk.ai products address challenges for regulatory, risk, security, privacy and compliance professionals, revolutionizing the way they work by providing results up to 50 times faster than current methods.”

About 4CRisk.ai. www.4crisk.ai

4CRisk.ai, a transformative force at the intersection of innovation and compliance, revolutionizes how organizations navigate intricate risk and regulatory landscapes. Established in 2020, 4CRisk.ai products leverage advanced AI techniques to connect regulatory and business data, helping organizations gain efficiency and agility, to reshape how they approach compliance and risk management.

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FinTech Futures Banking Tech Awards recognizes the very best technology in the banking & fintech industry. FinTech Futures is the leading global provider of independent intelligence and insight for professionals in the fintech sector, one of the largest providers of daily news, in-depth analysis and expert commentary across a comprehensive range of areas including FinTech, BankingTech, PayTech, RegTech, WealthTech, LendTech and InsurTech.