Staying compliant with rapidly changing regulatory frameworks is a major challenge for tech companies. Without external data, companies risk falling behind, leading to increased risk, inefficient resource allocation, and costly penalties.
Why External Data is Critical for Regulatory Compliance
Integrating third-party regulatory data and government publications with internal transaction data and company policies can:
✅ Decrease risk by proactively detecting potential noncompliance
✅ Increase compliance by aligning internal practices with external standards
✅ Improve efficiency with AI and ML-powered automation
✅ Optimize resource allocation to focus efforts on critical compliance needs
How It Works
🔹 Detect noncompliant behavior using Anomaly Detection on transaction data
🔹 Monitor regulatory changes with Topic Modeling to adjust company policies
🔹 Predict risks and violations with Predictive Analytics
🔹 Optimize compliance efforts with Monte Carlo Simulations to allocate resources effectively
Real-World Impact: Data-Driven Compliance in Action
When Allianz Ireland needed to ensure compliance, they leveraged Miratech’s PolicyHub, automating training delivery and auditing to meet compliance standards. This solution allowed them to manage over 800 staff while ensuring secure communication and understanding of compliance policies.
Stay Ahead of Compliance—Before It’s Too Late
Tech companies that embrace data-driven regulatory compliance not only reduce risk but also improve efficiency, protect their reputation, and avoid costly penalties.
📩 Want to ensure your compliance practices are up-to-date? Let’s talk about how external data can streamline your process.
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