ComplyControl

Meet ComplyControl -  a cutting-edge provider of AI-based compliance solutions for banks and financial organizations 💥 Traditional compliance services often come with high costs and operational burdens, especially for banks that process vast volumes of transactions on a daily basis. Handling these services manually requires extensive work and specialized knowledge, which can be both time-consuming and expensive. In the face of this challenge, ComplyControl leverages artificial intelligence to streamline and enhance compliance checks, making them a lot more efficient and affordable. Our team is dedicated to meeting the dynamic needs of the financial industry and offering new ways to improve operations in this sector through cutting-edge technology. We believe that artificial intelligence will play a major transformative role in this landscape, which is why ComplyControl intends to employ it to deliver state-of-the-art solutions to our clients. #ai #banking #finance https://complycontrol.com/ 

I recently sat down with Authority Magazine to talk about innovative strides we are making at ComplyControl in the field of artificial intelligence. And now, the piece is live! https://lnkd.in/gGmn4ZBc I am grateful for the opportunity to share how our commitment to cutting-edge technology is transforming compliance processes and driving efficiency across industries. By pushing the boundaries of what AI can achieve, we are not only improving our operations but also setting new standards for excellence. Besides, I also shared what inspired me to start working with AI, the challenges I faced along the way, and who I'd love to have a private breakfast with (that's the fun part! 😜 ) #AI #Innovation #Compliance #BusinessTransformation

Recently, our founder Roman Eloshvili shared his stance on how AI startups can thrive in the post-hype era. "Success will depend on integrating artificial intelligence thoughtfully, with a focus on solving real problems rather than chasing trends. As the AI landscape matures, businesses must move beyond the buzzwords and into a future where AI is a big, but not overhyped, component of their strategy.", he says. Read the full op-ed here: https://lnkd.in/gpPUuTYv

Despite recent turbulent years for #startups, the #FinTech sector attracted over $51 billion in i#nvestment during the first half of 2024. FinTech has evolved into a massive industry. What began as simple banking digitization has expanded into foreign exchange, lending, cryptocurrency, investment apps, and more. What's next for the industry in 2025? Our founder Roman Eloshvili has shared his perspective on this - read his thoughts via the link: https://lnkd.in/gB3bWMzF

In a new Nutanix article, our Chief AI Officer Mikhail Dunaev shared his insights on how #Edge I could help meet IT #sustainability goals. 🌱 While AI offers many benefits, it can have a significant environmental impact. To address these challenges, Dunaev emphasized that "more efficient methods of deploying #AI are necessary." Read more via the link: https://lnkd.in/eTK3WKBF

Everyone writes about the #AIboom, but are we really living it? Businesses “parasitize” AI in marketing companies using the #AI-powered prefix, while, in fact, they use a basic chatbot in customer support. It seems that everyone is already beginning to understand that AI-washing is a new reality of the market, but how does it affect it from the inside? Our founder Roman Eloshvili explores this dilemma in his latest piece for AiThority.Com - take a read via the link:

As businesses increasingly seek flexible solutions to keep up with market trends, no-code platforms emerge as a promising avenue, as they can allow even employees without a technical background to build and manage apps. There are predictions out there stating that by 2025, 70% of new business solutions will be built using low- or no-code tools. Mikhail Dunaev, ComplyControl’s chief AI officer, previously shared some of his thoughts on this subject in an article for AI Business. He believes that #AI tools should be integrated into existing workflows and designed to feel intuitive even for non-technical users. An easy-to-use design would allow businesses of all types and sizes to more easily embrace the technology and innovate their services efficiently. 

Banks today face a harsh battle against fraud and money laundering, with both regulatory demands and evolving criminal tactics upping the pressure. To stay competitive, #banks should invest in cutting-edge #AML tools, and the current measures still leave a lot of inefficiencies to be addressed. In a new article on Observer, our founder Roman Eloshvili talks about how #AI and #machinelearning are emerging as game-changers in this environment. With proper application, they can streamline AML processes, reduce the margin of human errors, and improve fraud detection in real time. The stakes are high, but by embracing innovation, banks can both improve efficiency and maintain trust with their customers. 

#Banking and #financial services represent one of the biggest sectors where AI is making a difference, shifting from passive support to more active roles, which allows human teams to focus on strategic tasks. In his recent opinion piece on Professional Adviser, though, our founder Roman Eloshvili warns against the notion of #artificialintelligence replacing human workers entirely, particularly when it comes to financial compliance. The "black box" nature of #AI means that human oversight is necessary to ensure the effectiveness and accountability of AI-made decisions. While the promise of this technology is big, to succeed in its application businesses will need a hybrid approach, balancing automation with human control.

While plenty of businesses talk about plans to adopt #AI in their operations, less than half of them are actually ready to do so. For those firms who are prepared to commit to this course of action, our founder Roman Eloshvili has shared several key pitfalls to avoid. For one, waiting for a “better” time to adopt AI can result in competitive disadvantages, as more proactive competitors gain experience. Furthermore, if they want to maximize the benefits of AI integration, businesses should focus on specific use cases over vague objectives and conduct a clear cost-benefit analysis. Successful #AIadoption requires a flexible approach tailored to each company’s unique needs. Find Roman’s full opinion in his article on Maddyness UK down the link.