Banking — Regulatory Document Extraction and Validation Pipeline

Overview

The primary purpose of this DAG is to streamline the extraction and validation of regulatory documents within the banking sector, ensuring compliance with industry standards. It integrates various data sources, including regulatory document repositories and compliance databases, to facilitate a seamless ingestion pipeline. The processing steps begin with the ingestion of documents, followed by the application of IDP techniques to extract key information such as regulatory clauses and compliance

The primary purpose of this DAG is to streamline the extraction and validation of regulatory documents within the banking sector, ensuring compliance with industry standards. It integrates various data sources, including regulatory document repositories and compliance databases, to facilitate a seamless ingestion pipeline. The processing steps begin with the ingestion of documents, followed by the application of IDP techniques to extract key information such as regulatory clauses and compliance metrics. Quality control measures are implemented at each stage, including accuracy tests and compliance checks against predefined criteria. In the event of a validation failure, a recovery process is initiated to maintain operational continuity and mitigate risks. The outputs of this DAG include validated regulatory data stored in a document management system, compliance reports, and alerts for any discrepancies. Monitoring key performance indicators (KPIs) such as extraction accuracy, validation success rates, and processing times ensures that the system operates efficiently. This automated solution not only reduces manual effort and errors but also enhances the bank's ability to respond to regulatory changes swiftly, thereby delivering significant business value in terms of compliance assurance and operational efficiency.

Part of the Market & Trading Intelligence solution for the Banking industry.

Use cases

• Reduces manual processing time and errors
• Enhances compliance with regulatory standards
• Improves operational efficiency and responsiveness
• Facilitates better risk management and mitigation
• Supports continuous improvement in compliance processes