Finance · AurvikAI

RAG-Based Compliance Assistant

€20M annual cost reduction

A European bank's compliance team was spending 40+ hours per week manually reviewing regulatory documents across 12 jurisdictions — a process that was both expensive and error-prone.

The challenge.

A European bank's compliance team was spending 40+ hours per week manually reviewing regulatory documents across 12 jurisdictions — a process that was both expensive and error-prone.

Financial compliance team reviewing AI-generated regulatory summaries

12 jurisdictions. 10,000+ documents. Compliance answered in 45 seconds.

The approach.

AurvikAI built a RAG system grounded in the bank's full regulatory library — 10,000+ documents across EU, UK, and local regulations. The system answers compliance queries with cited, auditable source references and flags when regulatory changes require policy updates.

The results.

€20M annual compliance cost reduction. Query response time from 4 hours to 45 seconds. 99.3% citation accuracy verified by compliance team. Zero regulatory violations in the 18 months post-deployment.

€20M

Annual cost reduction

45 sec

Query response time

99.3%

Citation accuracy

Zero

Regulatory violations

What we used.

RAG · Generative AI · Compliance

RAG
GPT-4
Vector Database
Python
Azure
Compliance APIs

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