Overview
A financial services firm needed an AI solution to process sensitive financial documents while ensuring strict compliance with GDPR and BaFin regulations. Their reliance on cloud-based AI tools posed security concerns, making it imperative to implement a secure, offline AI solution that guaranteed compliance while protecting sensitive financial data.
The Challenge
The firm faced significant compliance risks due to the use of cloud-based AI tools, which could potentially expose sensitive financial information. Regulatory filings were slow and inefficient, necessitating an offline AI solution to maintain full control over financial data while ensuring compliance.
Key Challenges:
- Cloud-based AI tools posed a risk of non-compliance with GDPR and BaFin.
- Manual regulatory filings were slow and resource-intensive.
- Secure offline AI analysis was necessary to prevent unauthorized data exposure and ensure compliance.
The Solution: Sinabox Automation
The firm implemented Sinabox, an AI-powered offline solution tailored for secure financial document processing and compliance audits
Key Features Implemented:
- Sinacluster Document Upload & Processing: Ensured all document handling was conducted offline, maintaining full GDPR and BaFin compliance.
- Sinabis Inspector: Enhanced accuracy in compliance audits by quickly identifying key regulatory terms.
- Sinabis Assistant: Summarization: AI-generated summaries streamlined regulatory filings, reducing manual effort and improving accuracy.
The Results
100% compliance with GDPR & BaFin regulations.
40% faster regulatory filings, improving operational efficiency.
Eliminated cloud-related risks, ensuring full data control and security.
Conclusion
By implementing Sinabox, the firm achieved complete regulatory compliance while enhancing operational efficiency. The secure offline AI solution provided peace of mind by ensuring sensitive financial data remained protected.