Entrust the most tedious work to technology and instead leave high added value analysis activities to humans, saving time and providing greater help in decisions.
It is with this objective that Intesa Sanpaolo takes another step along the path of solutions related toartificial intelligence adopting a new operative model to make the various steps of the process more efficient and fasterGroup Regulatory Agenda: in essence it will be possible to better “intercept the growing mass of new ones national and international regulations, to the analysis of theirs impact on activities, to the identification of risk areas in correlation with the Group's internal regulations and the automatic and personalized creation of document collections for specific professional profiles” says a note from the institute led by CEO Carlo Messina.
The new project, launched by the Chief Institutional Affairs and External Communication Officer Area (BLIND) driven by Stefano Lucchini, it was created by the Group Regulatory Evolution Agenda Management, with the support of Deloitte Risk Advisory and is part of the 2022-2025 Business Plan.
“The Regulatory Agenda has become an essential Corporate Governance tool in defining the strategic choices of a Group like ours, which operates in different business sectors and markets and our process for defining the Agenda needed to be strengthened” said Marcello Mentini, Executive Head of Group Regulatory Evolution Agenda.
Intesa Sanpaolo is the first European bank to use AI to manage regulation
Intesa Sanpaolo thus becomes the first European bank to use artificial intelligence for regulatory analysis, thanks also to the collaboration with the Italian start-up Aptus.AI – the technological partner found to be the most suitable among the best Reg-Tech companies worldwide. Aptus.AI technology allows you to create a machine readable version of digital documents capable of adapting to different types of textual content. The new electronic format provides interactive access to regulatory data, saving time and aiding decision making.
“The support of artificial intelligence will allow our people to concentrate their work on analysis activities with high added value and the collaboration with Aptus.Ai will give us the opportunity to contribute both to the digitalisation of the Group and to the growth of one of the best start-ups Italian technological ups, valorising a young excellence of our country" says Mentini again.
The CIAECO Area was among the first to work in synergy with the Chief Data, AI, Innovation and Technology Area led by Massimo Proverbio on the AI front. Precisely this collaboration has led, in recent months, to the realization of Lisa (Linguistic Intelligence for Supervisory Awareness), a Machine Learning tool created by the Group Supervisory Strategic Steering Department that helps quickly read and process thousands of publications on banking supervision.
